Nigerian economy to grow by up to 3% this year – cenbank

Nigerian economy to grow by up to 3% this year – cenbank

It was brought to our notice from that the Central Bank Governor Godwin Emefiele said on Tuesday, that this year, Nigeria estimates its economy will grow between 2.5% and 3%, after an easing of lockdown and increased vaccinations boosted business, including international and local travel.

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The current information from made it clear that Africa’s largest economy had contracted in 2020 due to the coronavirus pandemic, though in the fourth quarter, it managed to exit its recession, and that was the second since 2016, and growth has now increased for three consecutive quarters to June 30. jamb result

Statistically, the Nigerian economy expanded by 5% in the second quarter of this year. Informationguide

The central bank Governor, Emefiele told a banking conference, “With continued improvements in the economy, I am optimistic that we would end the year with an annual GDP growth of between 2.5–3.0 percent.”

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