The International Monetary Funds has warned that Nigeria and much of sub-Saharan Africa will experience the world’s slowest economic growth this year as a result of long-established structural challenges that could be worsened by new waves of Covid-19 infections in the midst of limited access to vaccines. Africa’s largest economy has seen two economic contractions since 2016.
Most African countries, with their finances already strained by measures to contain the pandemic, will have to bolster healthcare spending by 50% to vaccinate more than half of their populations.
