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      • Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. A litre of petrol costs more than three times what it did nine months ago, while the price of the staple food, rice, has more than doubled in the past year.
      www.bbc.co.uk › news › world-africa-68402662

      Why Nigeria's economy is in such a mess - BBC News

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  3. www.worldbank.org › en › countryNigeria Overview: Development news, research, data | World Bank

    Mar 21, 2024 · Inflation is expected to gradually decrease on the back of monetary policy tightening and exchange rate stabilization. As a result, poverty rates are expected to increase in 2024 and 2025 before stabilizing in 2026. Risks to Nigeria’s outlook are substantial, especially if reforms lose momentum or are reversed.

  4. www.bbc.com › news › world-africa-68402662Why Nigeria's economy is in such a mess - BBC

    Feb 27, 2024 · Nigeria is currently experiencing its worst economic crisis in a generation, leading to widespread hardship and anger. A litre of petrol costs more than three times what it did nine months ago,...

  5. en.wikipedia.org › wiki › Economy_of_NigeriaEconomy of Nigeria - Wikipedia

    Nigeria has the 2nd largest economy in Africa. The country's re-emergent manufacturing sector became the largest on the continent in 2013, and it produces a large proportion of goods and services for the region of West Africa. Nigeria's debt-to-GDP ratio was 36.63% in 2021 according to the IMF.

    • 223,804,632, (2019)

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  7. www.afdb.org › nigeria-economic-outlookNigeria Economic Outlook | African Development Bank Group

    Nigeria Economic Outlook. Recent macroeconomic and financial developments. Real GDP growth fell to 3.3% in 2022 from 3.6% in 2021, precipitated mainly by a decline in oil production. This led to 5% shrinkage in overall industry, which was offset by expansion in services (7%) and agriculture (2%).

  8. www.reuters.com › world › africaNigeria's economy grows steadily as oil output rises | Reuters

    Feb 22, 2024 · ABUJA, Feb 22 (Reuters) - Nigeria's economy grew 3.46% in the fourth quarter (NGGDPQ=ECI), a similar pace as it did a year earlier, data showed on Thursday, as oil output picked up and...

  9. www.ft.com › content › 708812c0-34a3-469e-ada5-038ffNigeria raises interest rates to 22.75% in first meeting ...

    Feb 27, 2024 · Nigeria’s economic crisis puts fuel subsidies removal under scrutiny. According to the country’s statistics agency, headline annual inflation rose to 29.9 per cent last month — a level last...

  10. www.focus-economics.com › countries › nigeriaNigeria Economy Outlook: Forecasting & Reports - FocusEconomics

    Overview. Key Economic Indicators. Economic Snapshot. Our Forecasts. Nigeria's economy in numbers: Nominal GDP of USD 478 billion in 2022. GDP per capita of USD 2,205 compared to the global average of USD 10,589. Average real GDP growth of 2.4% over the last decade. Share of the region's population. Share of the region's GDP. Economic structure:

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