GDP growth projected to reach 3.25%

Real gross domestic product (GDP) growth has been projected to hit 3.25 per cent this year. According to Cowry Asset Management Limited, the outlook is shaped by a complex interplay of domestic and global economic factors.

“Pertinently, aggressive rate hikes by the central bank in response to escalating inflation, concurrently with fluctuating but upward-trending employment figures, dwindling daily crude oil production and escalating debt levels, collectively contribute to Nigeria’s economic challenges.

It noted that Nigeria’s economic growth would remain robust with positive upsides despite several headwinds…

Read more at Guardian

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