Nigeria’s output growth to moderate to 3% in 2022, says IMF

Nigeria's output growth to moderate to 3% in 2022, says IMF

The International Monetary Fund (IMF) has lowered Nigeria’s projected GDP growth for 2022 from 3.4 percent to 3 percent, citing the country’s weak oil production and the heavy impact of flooding. The IMF also said Nigeria’s soaring headline inflation is expected to moderate at end-2022 as the start of the harvest season more than counters the projected increase in […]