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However, the projection for 2024 in the April report shows little optimism for Nigeria. In its January update, the IMF had projected a 2.9 percent economic growth for Nigeria in 2024. But in the April update, it has raised the country’s 2024 economic growth projection to 3.0 percent.
Nigeria moved two points up in the International Monetary Fund (IMF) ranking of countries’ GDP for current market prices. However, it maintained its 2021 rank on Purchasing Power Parity (PPP) of the GDP.
