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World Bank: Nigeria’s Growth Lags Africa As Inflation, Poverty, Crime Rises

Surging inflation is undermining the recovery of Africa’s biggest economy, pushing 7 million Nigerians into poverty and encouraging criminality as rising prices deplete already meager incomes, according to the World Bank. In its Nigeria Development Update report, the Washington-based lender projects economic growth of 1.8% this year, compared with a …

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