International Monetary Fund (IMF) has predicted that the Nigerian’s Gross Domestic Product (GDP) would drop by -5.4 per cent in the 2020 fiscal year. This is against its earlier – 3.4 per cent decline in GDP prediction in April this year.
However, the global financial institution said Nigeria’s economy will see a rebound of 2.6per cent in 2021 suggesting an increase of 200 basis points when compared to the 2.4 per cent April projection for 2021.
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