The International Monetary Fund (IMF) on Tuesday downgraded its economic growth forecast for Nigeria in 2025 to 3.0 per cent.
The downgrade follows a recent decline in global crude oil prices, the multilateral organisation said in its April 2025 World Economic Outlook (WEO) report, released on the sidelines of the ongoing Spring Meetings of the IMF and the World Bank in Washington.
The new forecast represents a 0.2 percentage point reduction from the IMF’s earlier projection of…
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