The African Development Bank (AfDB) has projected that Nigeria's economy will experience a growth rate of 4.1% despite ongoing inflationary pressures. The bank highlighted that Africa faces a significant annual development financing gap of $1.3 trillion, with Nigeria's debt reaching $1.9 trillion as external shocks exacerbate economic challenges. Furthermore, the AfDB emphasized that for the continent to effectively reduce poverty, it must achieve an annual growth rate of 7%.
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