According to a new UNCTAD report, developing countries like Nigeria face a staggering four trillion-dollar gap in sustainable development investments.
Low-income countries in Africa could suffer some of the sharpest slowdowns in 2022.
The UN Conference on Trade and Development (UNCTAD) has called for action to curb cryptocurrencies in Nigeria and other developing nations.
The cost-of-living crisis could spark a “cycle of social unrest leading to political instability,” the UNCTAD boss warned.
The UN, however, noted that tighter foreign exchange liquidity, mounting inflationary pressures, and subdued domestic demand overshadowed the medium-term outlook.
