World Bank forecasts Nigeria’s economy to grow by 2.5% in 2022

The World Bank says the Nigerian economy is expected to grow by 2.5 percent in 2022, up from an estimated 2.4 percent growth in 2021. The Washington-based institution disclosed this in its latest Global Economic Prospects report released on Tuesday. The bank attributed the rebound to higher oil prices as well as accelerated growth in telecommunication and financial services. “In Nigeria, growth is projected to strengthen somewhat to 2.5 percent in 2022 and 2.8 percent in 2023,” the report reads. “The oil sector should benefit from higher oil prices, a gradual easing of the Organization of the Petroleum Exporting Countries

By |January 13th, 2022|Categories: News|Tags: |0 Comments
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