World Bank Reduces Nigeria’s 2022 Growth Forecast From 3.8% To 3.1%

The World Bank has reduced Nigeria’s 2022 growth forecast to 3.1 per cent from a previous forecast of 3.8 per cent.

In its latest Nigeria Development Update (NDU), launched in Abuja on Thursday, the bank said that the nation had to make hard choices or face a worse economic downturn, in the months and years ahead.