{"id":86203,"date":"2023-04-14T11:30:47","date_gmt":"2023-04-14T10:30:47","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank"},"modified":"2023-04-14T13:12:52","modified_gmt":"2023-04-14T12:12:52","slug":"nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","title":{"rendered":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China.<\/p>\n

The Washington-based bank stated that for seamless growth in Nigeria, the incoming government must tackle insecurity, ensure diversification away from crude oil, solve the problem of dual foreign exchange markets and reduce inflation.<\/p>\n

On Thursday, the President of the World Bank, David Malpass, disclosed this at a press briefing in the ongoing Spring Meetings of the Bretton Woods institutions in Washington.<\/p>\n

World Bank had forecasted 2.8 per cent growth for Nigeria in 2023, a drop from the 3.3 per cent forecast in the prior year.<\/p>\n

Malpass explained that developing countries like Nigeria could achieve the feat of China and India in terms of economic growth acceleration.<\/p>\n

However, it stated that the incoming government of Bola Ahmed Tinubu should work towards addressing insecurity, harmonizing the foreign exchange market, and creating a deep-rooted diversification agenda and monetary policy required to cut down the Country\u2019s inflation.<\/p>\n

\u201cNigeria has trade protection that blocks market development; they have a dual exchange rate that is very expensive for the people of Nigeria; they have high inflation and not enough diversification of the economy to make sufficient progress.<\/p>\n

\u201cShowing up like China, developing countries can grow at a 10 per cent rate and catch up with advanced economies in years and decades\u201d, he stated.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. The Washington-based bank stated that for seamless growth in Nigeria, the incoming government must tackle insecurity, ensure diversification away from crude oil, solve the problem of dual foreign exchange markets and […]<\/p>\n","protected":false},"author":84,"featured_media":86202,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[1570,2140,254,580],"class_list":["post-86203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-nigeria-2","tag-nigeria","tag-world-bank"],"yoast_head":"\nNigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank - Nigeria<\/title>\n<meta name=\"description\" content=\"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank\" \/>\n<meta property=\"og:description\" content=\"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-14T10:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-14T12:12:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"843\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank\",\"datePublished\":\"2023-04-14T10:30:47+00:00\",\"dateModified\":\"2023-04-14T12:12:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Nigeria\",\"world bank\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\",\"name\":\"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank - Nigeria\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg\",\"datePublished\":\"2023-04-14T10:30:47+00:00\",\"dateModified\":\"2023-04-14T12:12:52+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg\",\"width\":1500,\"height\":843,\"caption\":\"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/nigeria\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#website\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/\",\"name\":\"Africa Press | Nigeria | Homepage\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank - Nigeria","description":"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","og_locale":"en_US","og_type":"article","og_title":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank","og_description":"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...","og_url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","og_site_name":"Nigeria","article_published_time":"2023-04-14T10:30:47+00:00","article_modified_time":"2023-04-14T12:12:52+00:00","og_image":[{"width":1500,"height":843,"url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank","datePublished":"2023-04-14T10:30:47+00:00","dateModified":"2023-04-14T12:12:52+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank"},"wordCount":248,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg","keywords":["Africa Press","Africa Press-Nigeria","Nigeria","world bank"],"articleSection":["all news","Economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","url":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank","name":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank - Nigeria","isPartOf":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg","datePublished":"2023-04-14T10:30:47+00:00","dateModified":"2023-04-14T12:12:52+00:00","author":{"@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The World Bank has said that Nigeria and other developing countries can achieve a 10 per cent growth rate like China. T ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#primaryimage","url":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg","contentUrl":"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/04\/postQueueImg_1681455653.66.jpg","width":1500,"height":843,"caption":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/nigeria\/economy\/nigeria-other-developing-countries-can-achieve-10-per-cent-economic-growth-world-bank#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/nigeria\/"},{"@type":"ListItem","position":2,"name":"Nigeria, other developing countries can achieve 10 per cent economic growth \u2013 World Bank"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/nigeria\/#website","url":"https:\/\/www.africa-press.net\/nigeria\/","name":"Africa Press | Nigeria | Homepage","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/nigeria\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","url":"https:\/\/www.africa-press.net\/nigeria\/author\/cfeditoren"}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/86203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/comments?post=86203"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/posts\/86203\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media\/86202"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/media?parent=86203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/categories?post=86203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/nigeria\/wp-json\/wp\/v2\/tags?post=86203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}