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IMF projects deeper contraction for Nigeria economy

..from 3.4 contraction to 5.4%

International Monetary Fund (IMF) has projected a significant economic contraction for Nigeria, with GDP seen falling 5.4% this year after an earlier forecast for a 3.4% contraction. Nigeria faces economic distress not only from the coronavirus outbreak but also from a sharp fall in crude oil prices, the IMF said in its World Economic Outlook…

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