•Nigeria’s growth projection at 3.3%, inflation pegged at 26.2%
President of the AfDB, Dr Akinwumi Adesina, noted that Nigeria and its sister countries have shown incredible resilience in the last four years contending with multiple overlapping exogenous shocks. The progress notwithstanding, Adesina said, “nobody eats GDP”. More so, the growth rate has been too little to offset increases in population growth and drive the transformation urgently needed on the continent.
To improve agricultural productivity, he called for the establishment of Special Agro-industrial Processing Zones. Also, to prioritise investments in key areas of the Sustainable Development Goals — education, energy, productivity and infrastructure, to fast-track structural transformation and catch up with high-performing developing countries from other regions.