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Nigeria’s economy is making a comeback—but it’s still not happening fast enough

Nigeria’s economy is making a comeback—but it’s still not happening fast enough

Since suffering a recession and full year of negative growth in 2016, Nigeria, Africa’s largest economy has recovered—slowly. Data from Nigeria’s statistics bureau shows the pace of recovery remains slow despite noting a milestone: gross domestic product (GDP) grew by 2.55%—the highest quarterly growth rate since the 2016 recession. Overall, Nigeria’s economy grew 2.27% in 2019, slightly higher than it did in the preceding year.