The International Monetary Fund (IMF) on Tuesday downgraded Nigeria’s economic growth to 2.9 per cent in 2024.
The fund, in its Global Economic Outlook report, lowered Nigeria’s growth forecast on the basis of insecurity in oil-producing areas, the impact of floods and lower-than-expected activity in the first half of the year.
The report was presented by Pierre-Olivier Gourinchas, IMF’s Director of Research Department, and Daniel Leigh, the Division Chief.
In April, the IMF…
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