Nigeria and other countries in sub-Saharan Africa will lose about $200bn in incomes by the end of 2020, according to the International Monetary Fund.
The development is as a result of the COVID-19 pandemic, which is pulling the global economy towards recession.
Ndiaye, who heads the research team that worked on the Regional Economic Outlook, observed that at the end of 2020, countries in the region would face income losses of about $200bn relative to what they were expecting six months ago. Ndiaye also observed that the countries had agreed on the African Continental Free Trade Area, an arrangement which would facilitate regional trade integration.
He observed that failure to check the spread of the disease could undermine progress recorded in other parts of the world.
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