The World Bank has revised its growth projections for Nigeria, foreseeing a promising expansion of 3.3 per cent in 2024.
The bank in its Global Economic Prospects report for January 2024 also forecast that the country’s per capita income is set to return to its pre-pandemic levels by 2025, reflecting a resilient recovery from the challenges posed by the global health crisis.
According to the report, the Sub-Saharan African (SSA) region, which includes Nigeria, witnessed a deceleration in economic growth, estimated at 2.9 per cent in 2023.
