KPMG in a new report has predicted that Nigeria’s Gross Domestic Product (GDP) will grow at a slow pace of 3 percent in 2023.
The report released on Tuesday, titled ‘Global Economic Outlook – H1 2023,’ highlights that the slowdown in economic activity during political transitions in Nigeria is a major contributing factor to the slow growth.
The report also notes that a new government is set to take over from the current administration in May 2023, which will face significant challenges in the foreign exchange market, leading to slower economic growth.
