The group said that inflationary pressure is expected to remain elevated, driven by structural, cost and monetary factors
has projected that the country’s unemployment rate will hit 37 per cent in 2023.
The report noted that the country’s GDP growth is also expected to moderate to 2.98 per cent, as economic growth will be subdued in 2023 due to strains on investment and low productivity in critical sectors. “Due to political risks and a negative yield on investment, investors will take a flight to safety in other emerging and developed economies.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NESG predicts 2.98% real GDP growth, 37% unemployment rate - Daily TrustThe Nigeria Economic Summit Group (NESG) has said Nigeria’s Real Gross Domestic Product (RGDP) growth will average at 2.98 per cent in 2023 just as it said employment rate could reach 37%.
Read more »
2023: Security major challenge, election in some parts will be difficult - Shehu SaniBarely 37 days to the presidential election, former Nigerian lawmaker Shehu Sani has said the country’s major problem is security. Senator Sani also
Read more »
Jagaban Army not militia group - APC Youth Leader - Daily TrustNational Youth Leader of the All Progressives Congress (APC), Hon. Dayo Israel, has clarified that Jagaban Army which he tagged the newly inaugurated National Youth Wing Campaign Council is not a militia
Read more »
Nnamdi Kanu’s health worsens, may die in detention – Medical group and moreFind these stories and much more when you grab a copy of The Guardian on Tuesday.
Read more »
Improve health system, group tells govtThe Ikeja Metro Lions Club of District 404-B2 has called on the government to improve the country’s health sector.
Read more »
Ebonyi: Group Raises Alarm Over 'Delisting' Of PDP Candidates From INEC PortalThe Association of Ebonyi Indigenes Socio-Cultural In the Diaspora (AEISCID), has raised the alarm over alleged delisting of the names of People's Democratic
Read more »