The International Monetary Fund (IMF) has lowered Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1 per cent it forecasted in October.
This was disclosed by the global lender in its ‘World Economic Outlook Update, January 2024 titled ‘Moderating Inflation and Steady Growth Open Path to Soft Landing’ released on Tuesday, January 30, 2024.
In a table, the IMF estimated that Nigeria’s economy grew by 2.8 per cent, a slight decline from the 2.9 per cent it forecasted in October.
