The bank, in its latest report on the regional economy titled, ‘Africa’s Pulse’, released the taxonomy of growth performance in sub-Saharan Africa, which focused on the macroeconomic and financial features that led to growth resilience on the continent.
Others are level and composition of public sector indebtedness, as captured by the general government gross debt and its currency composition, and the outstanding external public debt. The Bretton Wood institution said, “If a country’s economic performance declined from 1995–2008 to 2015–18, the country is categorised in the bottom tercile, which includes ‘falling behind’ and ‘slipping.’ If a country’s growth rate remained invariant over time, between 3.5 and 5.4 per cent in both periods, it is categorised in the middle tercile . If a country’s economic performance improved from 1995–2008 to 2015–18, with the growth of more than 5.
Burkina Faso, Côte d’Ivoire, Ethiopia, Ghana, Guinea, Guinea-Bissau, Kenya, Mali, Rwanda, Senegal, and Tanzania made the top tercile.Democratic Republic of Congo, Cabo Verde, The Gambia, Madagascar, Mozambique, Mauritius, Niger, Sudan, São Tomé and Príncipe, Togo, and Uganda. “The slower-than-expected overall growth reflects ongoing global uncertainty, but increasingly comes from domestic macroeconomic instability including poorly managed debt, inflation and deficits,” the bank said.It said, “Growth in Nigeria is projected to rise from 1.9 per cent in 2018 to 2.1 per cent in 2019 .
Hoping Next-level doesn't get us sunk? God to the rescue.
It's unfortunate Nigerians always bring emotions forward when it's time to speak facts.... very soon the reality will done on some.
The economy is dead not sleeping, please use the real words. Buhari government has killed our democracy and economy totally
Onshoot of next level
Fake news.
We all know it, but the leaders don't want to hear it
Nigeria not yet a desert for it shall first be as foretold
Why won't it slip when 'the man' is sleeping
That's what happens when you have a leader without the knowledge of how to grow the economy and who isn't willing to appoint capable technocrats to handle it because they are not from his region.
For those that don't read, segalink kinda disappointed on this occasion, that your comment is misleading. Please don't get so political and then lose you objectivity
Slip sliding away. Slip sliding awayyyy ay ay. You know the nearer your destination the more you're slip sliding away. I know of a country....
I remember the warnings the world Bank issued to Venezuela in 2015. They were too stubborn to listen because of their crude oil reserves. I just hope these guys change and up their game. If Nigeria fails it will be catastrophic for Africa.
Our president have Integrity😂 no shaking
Ok so what do you care?
Ifediba5 Name one viable country that's being run by fulani.
Sai baba
I wonder what dying people can deliver than dying economy.
I just can't understand! Someone twitted this morning that Buhari was teaching world leaders economics and the one he manages keep slipping off his hand!
friarsomadina Next level kicking in gradually
Slipping into the NextLevel
But 'Hailers' will never agree
world bank already knows Nigeria has a budget deficit of 1.6T naira in her 2019 budget, Nigeria will likely not borrow that deficit from world bank, Nigeria never did from 2015 to 2019, why will she bother now? predict doom all we care, nothing for you, lets hear 4rm China.
Slipping or sleeping ..
When was the last time the WB president visited Nigeria for more than 48hours? When was the last time the Nigerian country director of the WB went to Ohuhu in abia state to observe economic activites? They stay in New York and give you warnings about the state of Nigerian economy
TorToridb
It should sha not slip into coma...
Next Level is happening..
Even World Economy is Slipping... So y'all should spare me the mumbo jumbo...
dadiyata The current administration wer advice on how to tackle this economic issues by the economic expert Sanusi Lamido Sanusi, but they neglect
cchukudebelu Na today?
Nigeria's Economy Is Just Where You Pushed It. No Thanks To Your Very Well Designed Conspiracy Theories,To Keep Nigeria Under Perpetually.Your Economic System Of FINANCIALISM With It's Baseless Conjectures Of Superficial Modalities Has Been The Major Albatross.EndFinancialismNow
Lmao... And our baba of a president is giving other super successful nations economically lecture on economy... Lmfao. Nigeria nah scam.
RealOlaudah They are waiting for the elusive Chinese loan to do the magic coupled with the legendary 'body language'.
I’m feeling the pinch all the way from Canada. I’ve been trying to sell three plots of land in Nigeria for over a year now and I still can’t get a buyer! CashCrunch EconomicSqueeze
Next level.
nwaforkc
onyebuchind
Nigeria never had an economy anyway.
Later they will say bubu have steadied the economy
What do World Bank know?
With infrastructural investment and a stimulus package, couple with foreign direct investment, the economy should be on the roll.
Part of the atiku $30k 🇺🇸 lobbyists strategy, scare mongering. Mtchew
The economy has always been slipping, they should leave us alone.
Why is it difficult for people to read beyond the headlines? I tire for my country people !
They have started again! Y so much interest in our economy ehh? Na your economy abi na our economy?
Baba get integrity nah him some people dey chop but no visionary road map for the Nigeria state. Nigeria needs redirection, quick restructuring and a young vibrant leader to drive change.
NO WAY! Can't you see our Economist president teaching the rest of you world leaders how to grow an economy? Please stop politicizing our economy!
xerxes_21 is it know y'all re realizin it
Economic hit men on steroid 😐
Haba World Bank! Have you forgotten that our president recently delivered a lecture on the economy in North Africa citing how he has increased Nigeria's economy.
Hatera you people want to make baba look bad ..lol next level loading
This is just a slight beginning of the next level
And they keep telling is our economy is getting better...I look forward to gifting out this country
Baba is not aware o!
Imagine ghana in top tercile, benin republic in middle tercile while nigeria is in bottom tercile, mehn this is fucked
No matter what anyone says, the people supporting this govt will always believe everything is going well. Even if this country is on fire, they will say 'its just temporary now, fire won't kill you' 😂
We reject it in Jesus name back to sender by fire!
cchukudebelu
Where are the fucking leaders
World bank doesn’t need to tell us crap, we know the currency is shit, things are already turning into buy two get one free..... we have 24 trillion in debt. NoMasBuhari 🙅🏾♂️
How many times will Nigeria defile their projections b4 de will know we dont need them?. Let them keep their inacurate thoughts to themselves
The indices used by The World Bank is for smoothly running economies ours has been ravaged by over the time bad leadership characterised by deep corruption. We would get a hang of making this country great. Through everyone's dedicated effort & zeal.
World Bank have joined wailers
Sir you tried but moreso the economy is mad and in prison
We know already. You don't need to tell us.
Thanks and get lost!
ApaokuezeDaniel Chai! And we still have four more years to slip for goodness' sake!
Next level paro
Next level Toh sweet.
Slipping abi slipped
Prophet of doom
No o. Everything is Fine.
The next level
It's fault report...how can our economy be slipping back when our highly intelligent president is giving out keynote to other world leaders on economy development...toluogunlesi ogundamisi please defend
Zubairthedream The next level that was promised.
BuhariBeyond2023
Is this an observation or prophecy or what? Nigeria is messed already, I wonder the parameters they used.
How i wish APC and buhari will listen to the voice of reasoning for once and find ways to beef up our economy than their continued BLAME GAME it would have been good for all of us.THEY ONLY WAY OUT IS RESTRUCTURING.WE CAN'T CONTINUE TO SHY AWAY FROM THIS HOPING TO GET BETTER
World Bank is corrupt, they want Atiku who will be giving them our dollars... (Talking from my Nextlevel point of view) 💃💃💃💃💃
Right words should be. Nigeria's economy is turninoninown, says Real World Bank
These organisations will do everything to sell their economic colonisation agenda. It's the uninformed that will fall anyway. Since they've been 'assisting' what has been the outcome? Since 1979 or thereabouts? Did China, The Asian Tigers , The Gulf nations use them? 🤔
Am pretty sure Lai Mohammed has a response for him.
BHADAMAN_ Since 1983.
It has slipped already
The cummulative effect from 1995-2015 (10yrs) is largely responsible for this. The same report also mentions that our current 1.9% growth will rise to 2.1 this year, 2.2 in 2020 and 2.4% by 2021. With that continuous growth, we should get to the Topmost tercile in 5-7 yrs🤞🏽
Next level
Thanks to the world bank for alerting Nigeria.
Are this people confused? Let them solve their problems and leave us alone ,,last week they brought up different figure this week another article next week,,let them go
Slipping or slipped already
which Nation did World Bank bring out of trouble?
What else do you expect to hear from them since no more patronage
A monoproduct economy will continue to slip.
Nigerians cannot drink poison and hoping to be well. We have killed sleep and we can't sleep anymore. We have clipped the wings of the Eagle and we can no longer fly. Regionalism or nothing!
and these Buhari people still says otherwise. Maybe it is politicized
The comments here show only a few people read news and not just headlines.
Is Nigeria a country?
fkeyamo GarShehu and co no go see this one
Why won't it slip, when everything is upside down...
Oh! That is good news. There is even something left for it to still be slipp'ing'
May God aggrandize our Nigeria economy
Maikano_013
ChuksMultiP It's no longer a news to us sir. You people should help us talk to our presido on what to do because he seems not to agree with your assertion that our economy is in a bad shape
They will keep blaming PDP....yet the second tenure has not started.
toluogunlesi ogundamisi GarShehu BashirAhmaad .... Come and see the lies of world bank... Why are they painting us black? Can't they see that our economy is importing by 300% .... Why ! Why !! WHY !!!
Please read the article before further showcasing your ignorance and bias!
That's a fat lie.......... Which technology did they use to come out with this result Next level of hunger and herdsmen killing is assured.
IMF says one thing, world bank say another. They are all rogues and reason they should allow Nigerians build their economy.
A little slipply please.
IMF vs WB, who do we believe?
yes because the president is dead
Well... what do we do now?
16yrs of PDP is back at it again.. How can we not have saved in 16yrs of oil boom?. TweetLikeBuharists
What do you expect with the kind of leadership we have. 'Clueless'
U will now see those useless wailers online to say nonsense when they never believed the economy was ok n besides when Nigeria’s treasury was being looted here n there, Nigeria importing rate was high, our economy wasn’t slipping because they re gaining from Nigeria but until nw.
That's because we have a lifeless President MBuhari and a demonic ruling party OfficialAPCNg and of course zombies as their followers.
Yet the spokesman of the President, Mr Adesina speaking in Channels said the recent invitation to Buhari to deliver keynote addresses in Jordan and Dubai is an indication that our economy is doing well. What a shame, deceiving fellow country Men?
Tank U! Thats how una go come again with una underg agenda so we can be more useless.
Echoes from abroad will convince the buharits of the damage their idol has done to NIGERIA. They refuse to listen to the voice of reason, their worsening economics and the handwriting on the wall. Now they are left with echoes from abroad. Poor souls !!!
All the challenges listed are fixable. Needless to say South Africa is in the same league.
Make e comot from slippery ground na....hu send am?
Slipping is a gross understatement! What do U expect of a crawling economy where even common tooth pick is imported, where debt profile rises abnormally and geometrically, where annual budget deficits are funded by borrowing, where those working hard get peanut and looters enjoy?
This is what you have when glaring incompetent leaders rig their way into office... The story of Nigeria!
Lol it’s next level sir
Lol! World Bank will eventually coerce Nigeria into running to Troika for more debt and generational poverty, when will Africans understand that nobody can love them better than themselves?
Oya APC buhari dogs attack them
Cool
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