The World Bank forecasts the Nigerian economy to grow by 2.8 percent in 2023, down from 3.3 percent in 2022 and further recover to 3 percent in 2024 and 2025.
In its Africa Pulse report April 2023 edition released last week, the World Bank said the Nigerian economic growth translates into growth per capita of 0.2 percent in 2023 and 0.4 percent in 2024 and 2025, which is insufficient to reduce extreme poverty in the country.
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