IMF downgrades Nigeria’s economic growth to 3%

The International Monetary Fund has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from the 3.1 per cent it forecasted in October. It disclosed this in its ‘World Economic Outlook Update, January 2024,’ released on Tuesday. In a table, the IMF estimated that Nigeria’s economy grew by 2.8 per cent, a slight