World Bank Forecasts 2.5% Growth For Nigeria In 2018

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Updated January 10, 2018

World Bank Approves $350M Loan For Kaduna GovtThe World Bank predicts Nigeria’s Economic Growth reaching at least 2.5 percent in 2018, as the country benefits from improved commodity prices, investments and trade.

According to the global lender’s January 2018 Global Economic Prospect Report, Nigeria’s Gross Domestic Product is expected to grow by 2.8 percent in 2019 and 2020.

The World Bank also forecasts that global economic growth will go up to 3.1 percent in the year, while growth in sub-Saharan Africa is expected to increase further to 3.2 percent in 2018 and 3.5 percent in 2019.