IMF sees Nigeria’s growth prospects slide to 3.2% in 2023

Washington D.C| Nigeria’s economy could drop slightly to 3.2 percent in 2023, and then lower to 3 percent next year even as global outlook sustains high uncertainty amid recent financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID-19 pandemic.

This is according to the International Monetary Fund’s (IMF) quarterly World Economic Outlook (WEO) update on Tuesday during the ongoing spring meetings of the Fund and the World Bank.

BUSINESS DAY: Read More