Nigeria Posts Fastest GDP Growth in Decade – World Bank

Nigeria’s economy grew at the fastest rate in a decade last year, the World Bank said Monday, thanks to the reforms introduced by the government, but it warned inflation remains high.

“Real GDP increased by 4.6 percent year-on-year in Q4 2024, pushing growth for the full year 2024 to 3.4 percent, the highest since 2014 (excluding the 2021-2022 COVID-19 rebound),” the bank said in a report published in the capital Abuja on Monday.

It said the acceleration in gross domestic product (GDP) growth was…