//World Bank Group Expects 2.1 percent Growth for Nigeria

World Bank Group Expects 2.1 percent Growth for Nigeria

The World Bank Group has raised Nigeria’s growth expectations in 2020 to 2.1 percent, confirming Nigeria continued sluggish economic path for another calendar year.
The Group Vice President for Equitable Growth, Finance and Institutions, Ceyla Pazarbasioglu who disclosed this explained that it is due to multiple exchange rates, foreign exchange restrictions, high persistent inflation, and a central bank targeting manifold objectives that are not conducive to confidence.
The Group Vice President, however, urged policymakers to seize the opportunity to undertake structural reforms that will boost broad-based growth, which is essential to poverty reduction.

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