Nigeria’s Economic Situation Worsens

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The World Bank has said Nigeria is in a worsening situation, with economic performance becoming weaker as inflation persists.

The Washington-based bank said this in its newly released Nigeria Development Update, which was launched in Abuja.

The financial institution also cut Nigeria’s 2022 growth forecast to 3.1 per cent from a previous forecast of 3.8 per cent.

Written by: Helen Obih

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