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The International Monetary Fund (IMF) has forecast that Nigeria’s economy will experience significant growth over the next five years, reaching a Gross Domestic Product (GDP) of $1.85 trillion in Purchasing Power Parity (PPP) terms by 2029.
This projection indicates a steady increase in the country’s economic activity, with a notable growth rate of 5.5% expected in 2029.
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According to IMF data, Nigeria’s GDP in PPP terms has consistently risen, from $1.36 trillion in 2023 to $1.852 trillion in 2029.
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