With the economy experiencing a myriad of problems, analysts have proffered several ways to address the challenges. With the swearing in of Wale Edun as finance minister and the coordinating minister of the economy, experts expect him to act fast to reverse the trend; BENJAMIN UMUTEME writes.
According to the African Development Bank (AfDB) in its Nigeria Economic Outlook, Real GDP growth fell to 3.3 per cent in 2022 from 3.6 per cent in 2021, precipitated mainly by a decline in oil production. This led to 5 per cent shrinkage in overall industry, which was offset by expansion in services (7%) and agriculture (2%).
