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McKinsey expects 3.5% slump in Nigeria GDP for 2020

…even if Covid-19 is contained

In a situation where Nigeria is able to contain the outbreak of coronavirus, the economy could still go on to contract by as much as 3.4 percent in 2020 as global oil prices tumble, according to estimates by global consulting firm, McKinsey & Company. That would be a growth decline of almost 6 percentage points…

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