Cash shortages in Q1 to weaken Nigeria’s growth in 2023 –Fitch

Fitch Solutions, the research arm of credit rating agency, Fitch ratings, has predicted that Nigeria’s economy will grow by only 2.3 percent this year, down from 3.1 percent in 2022.

Fitch stated this in its Africa Monthly Outlook report released on its website on Tuesday.

“We forecast that Nigeria, Sub Saharan Africa’s largest economy and oil producer will record below-trend growth of 2.3 percent in 2023, down from 3.1 percent in 2022.”

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