World Bank projects 1% per capita income for sub-Saharan Africa 2021

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The World Bank Group on Thursday projected per capita income growth in Sub-Saharan Africa, as a whole, including Nigeria, to stay below 1 percent until at least 2021, which elevates the risk of a further concentration of extreme poverty on the continent.

David Malpass, president of the World Bank Group disclosed this during press conference at the ongoing 2019 World Bank/IMF Spring meetings in Washington DC, admitted that Nigeria has been borrowing in international market.

 

Hope Moses-Ashike in Washington, D.C. 

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