The World Bank in its latest Nigeria Development Update disclosed that Nigeria’s economic growth prospects have been undermined by the Federal Government’s failure to stick to reform measures implemented to mitigate the impact of the COVID-19 pandemic.
Despite acknowledging that the Nigerian economy recovered at a faster-than-expected pace in 2021, the World Bank noted that pre-COVID-19 challenges are threatening post-pandemic recovery as the absence of continued progress, key macroeconomic challenges have re-emerged as major threats to economic growth.
Watch Economist and Chief Executive Officer of the Centre for the Promotion of Private Enterprises, Dr. Muda Yusuf as he discusses the effect of the macroeconomic challenges on the country’s economic growth.
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