ECONOMY: World Bank Cuts Nigeria’s GDP Growth Rate; States’ IGR Rises to N579.4 billion in H1 2018

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November 30, 2018/Cowry Asset

World Bank, in its Nigeria bi-annual economic update released on Wednesday, November 28, 2018, revised its earlier forecasted 2.1% growth rate for Nigeria’s Gross Domestic Products (GDP) in 2018 to 1.9%.

The cut in projected GDP growth rate by the multilateral institution was adduced to disruption of agricultural activities in the North East and North Central amid challenges of insecurity.

Its revised 1.9% growth rate in 2018 was a lot lower than 3.5% growth rate projected by the Federal Government of Nigeria in its 2018 Budget… Kindly click here for details.

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