World Bank Projects 2% GDP Growth in 2020; Credit to Private Sector Rises on CBN’s Policy

December 6, 2019/Cowry Asset

The World Bank in its 2019 Nigeria Economic Update report released on Monday, December 2, 2019 warned that the country could slide back into recession if crude oil prices fell by 25% to USD50 per barrel.

According to the international development organisation, the number of Nigerians living in extreme poverty would have increased by more than 30 million by 2030, if its government fails to revive economic growth and create jobs for its people.

Click here to read full PDF copy of report

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