Nigeria’s Finance Minister Projects Sturdier Expansion Up To 2024

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(MENAFN) Nigeria’s finance minister Zainab Ahmed has stated that the nation is projected to exit an economic recession mostly blamed on the coronavirus pandemic and accomplish sturdier expansion from this year up to 2024.

The minister addressed a forum on Nigeria’s medium term financial strategy paper in Abuja on Thursday saying that the Nigerian gross domestic product (GDP), expected to expand 2.5 percent this year, a rise from a contrast of 1.92 percent in 2020, will increase 4.2 percent next year. Ahmad noted: “we estimate a 4.2 percent uptake in 2022, a decrease to 2.3 percent in 2023, and a jump to 3.3 percent in 2024.” The minister said that inflation is expected to decline slightly to 13 percent next year, a decrease from 15 percent in 2021.

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