Nigerian economy projected to grow at 2.1 in 2018 – IMF

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The Nigerian economy has been projected to grow by 2.1 per cent this year, up from the 0.8 per cent last year.

The global economy is also expected to grow at a solid pace through next year, boosted by faster expansion in the United States and Europe.

This was announced by the International Monetary Fund at the presentation of the World Economic Outlook for April 2018 presentation in Washington on Tuesday.

Although Nigeria’s gdp is expected to grow by 2.1% this year, it has been forecast by the outlook to shrink by 1.9% next year as a result of the forthcoming election.

Currently, Nigeria’s growth projection in 2018 falls below the estimate for sub-Saharan Africa at 3.4 per cent.

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