The World Bank has predicted a sharp fall in Nigeria’s real gross domestic product growth as countries in sub-Saharan Africa head towards recession as a result of the ongoing corona virus outbreak.

The report, says growth in the region had been significantly impacted by the outbreak and is forecast to fall sharply from 2.4 per cent in 2019 to 2.1 to 5.1 per cent in 2020.

The regions three largest economies Nigeria, Angola, and South Africa are expected to witness a sharp fall in real GDP growth as a result of persistently weak growth and investment.

The effects include trade and value chain disruptions for commodity exporters and countries with strong value chain participation, as well as reduced foreign financing flows from remittances, tourism, foreign direct investment and foreign aid.