Tag: Economic Growth
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IMF projects 3% economic growth for Nigeria
The International Monetary Fund (IMF) has released it new economic outlook report, reversing Nigeria’s economic growth projections for 2025 and 2026. The April report was released on Tuesday during World Economic Outlook (WEO) at a press briefing at the
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Tinubu set to depart Nigeria for UNGA78 summit
Nigeria’s President, Bola Ahmed Tinubu, is set to depart for New York, United States, on Sunday to attend the Annual Meeting of World Leaders at the United Nations General Assembly, UNGA78. The theme for the 78th session, “Rebuilding Trust and Reigniting Global Solidarity: Accelerating Action on the 2030 Agenda and its Sustainable Development Goals towards…
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Africa’s slow economic growth insufficient to reduce extreme poverty – World Bank
The growth recovery in Nigeria for 2023 is still fragile as oil production remains subdued and the new administration faces many policy challenges. A new world bank report has revealed that Sub-Saharan Africa faces a myriad of challenges to regain its growth momentum, including the protracted slowdown of growth of investment in the region, which…
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Global economic growth projected to slow in 2023
Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year.
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IMF retains projected economic growth of 3.4% for Nigeria
The International Monetary Fund (IMF) has retained projected economic growth of 3.4% for Nigeria in 2022, TheNewsGuru.com (TNG) reports. The Washington-based institution disclosed this in its World Economic Outlook (WEO) for July 2022, dubbed “gloomy and more uncertain”.
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How Dangote’s petrochemicals, fertiliser plant will accelerate Africa’s economic growth – AfDB
How Dangote’s petrochemicals, fertiliser plant will accelerate Africa’s economic growth – AfDB
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IMF upgrades Nigeria’s economic growth forecast to 2.7%
The International Monetary Fund, IMF, has upgraded its forecast for Nigeria’s economic growth in 2022 and 2021 to 2.7 per cent and 2.6 per cent respectively, citing recovery in non-oil sectors and the rising price of crude oil. The IMF had earlier in April projected that Nigeria’s economy will grow by 2.3 per cent and…
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Nigeria recorded biggest economic growth in six years – Buhari
President Muhammadu Buhari said the focus on job creation, consistency in policy and innovation stimulated a 5 per cent growth of the economy in the second quarter, 2021, which is the highest in six years. The president stated this on Tuesday at the launch of the Nigeria Jubilee Fellows Programme in State House. He assured…
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We’ll put in place policies to boost economic growth – Makinde
Gov. Seyi Makinde of Oyo State says his administration will continue to put in place policies that will boost the economic growth of the state. Makinde stated this at an interactive session with leaders of market and artisans’ associations across the state. The News Agency of Nigeria (NAN) reports that the meeting was held at…
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World Bank predicts economic growth for Nigeria in 2021
The World Bank says global economy is expected to grow by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year. It said this in a statement issued in Washington D.C. on Tuesday at the presentation of the January 2021 Global Economic Prospects. It added that the said recovery…