Tag: economic growth

World Bank Projects a 2.1% economy growth in 2020 for Nigeria

The World Bank has predicted that Nigeria’s economy will grow by 2.1 percent in 2020, adding that growth in the West African Economic and Monetary Union is expected to stabilise at 6.4 percent. The bank made the prediction in its January 2020 Global Economic Prospects which was released on Wednesday.[Read More…]

International Monetary Fund Says Nigeria Heading Into Recession

The International Monetary Fund said it expects Africa’s largest economy to contract by 1.8 percent this year, after having forecast in April a 2.3 percent expansion. Nigeria’s stall, and sluggish activity in the number two economy, South Africa, is expected to pull down economic growth across sub-Saharan Africa, the IMF[Read More…]