Nigeria’s Economic Growth to Fall to 3% 

The International Monetary Fund has predicted that Nigeria’s economic growth will fall from 3.2 per cent in 2023 to 3.0 per cent in 2024. <br />The IMF improved the country’s 2024 economic growth projection to 3.0 per cent from the 2.9 per cent it stated in its January update.<br />The Washington-based lender says global economic growth is expected to fall from 3.4 per cent in 2022 to 2,8 per cent in 2023. <br />It says Global headline inflation in the baseline is set to fall from 8.7 per cent in 2022 to 7.0 per cent in 2023 on the back of lower commodity prices but underlying inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases.”