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The International Monetary Fund says that it expects Nigeriaâs economy to grow by a very modest 2.5 per cent this year. Against the backdrop of many social, political and economic ills belabouring the country, as well as the persistent lack of growth over the past five years, Nosa James-Igbinadolor wonders if this projection can be met
In a report released last week, the International Monetary Fund (IMF), raised Nigeriaâs growth forecast for 2021 to 2.5 percent from 1.5 per cent earlier announced in January.
The diffidently hopeful projections from the global financial institution comes against the backdrop of negative economic growth, contractions, depression and recession that have scarred the Nigerian economy over the past five years.
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