At a meeting calling for more fiscal support from the federal government, CISLAC said SMEs in Nigeria remain critical constituents of the country’s economy.
Ghana’s inflation rate surged past its 21-year record high in August as its annual inflation rate climbed to 37.2 per cent in September from 33.9 recorded in August 2022.
The IMF estimates that Zambia needs $8.4 billion of “cash debt relief” from 2022 to 2025.
The bank noted that the amount being lost was about 8.1 per cent of the state GDP per year.
On a year-on-year basis, however, the nominal GDP rose by 3.54 per cent.
The UN chief said the paradigm of growth based on fossil fuels would also deliver a “permanent triple whammy of inflation’’ and conflict.
World Bank asks Buhari regime to stop fuel subsidy; focus on pro-poor causes
The NBS said the first quarter 2022 growth rate further represents an improvement in economic performance.
France’s GDP came to a halt in the first quarter of 2022, posting a 0.0 per cent change, the French National Institute of Statistics and Economic Studies.
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