Nigeria, other African countries’ economies to grow by 3.4%

The World Bank has projected increased growth in Nigeria and other African economies to 3.4 per cent in 2024 and 3.8 per cent in 2025 from 2.6 per cent in 2023.
The report said increased private consumption and declining inflation were supporting an economic rebound in Sub-Saharan Africa.
The report, however, said the recovery remained fragile due to uncertain global economic conditions, growing debt service obligations, frequent natural disasters, and escalating conflict and violence.