IMF Slashes Nigeria’s Growth Prospects Over Low Oil Production, Severe Flooding, Others
The International Monetary Fund (IMF) has reduced Nigeria’s growth prospects over low crude oil production and severe flooding among other challenges currently bedevilling the country’s economy. The fund, in its recently published World Economic Outlook (WEO), noted that “Nigeria’s growth prospects for 2024 dropped to 2.9% from 3.3%” published in its last report. It blamed […]