IMF Projects 2.1% Growth For Nigeria In 2018

20301

The International Monetary Fund (IMF) says it expects Nigeria’s economic growth to continue to pick up in 2018 to 2.1 per cent, driven by the full year impact of more access to foreign exchange and higher oil production.

In its latest review of Africa’s largest economy, the Bretton Woods Institition acknowledged that the country’s overall growth is slowly picking up, but that the recovery remains a challenge.

The IMF added that low oil prices, security issues and absence of new policies still threaten the country’s economic recovery.

It, however, advised that moving toward a unified and market-based exchange rate as soon as possible while continuing to strengthen external buffers would be necessary to increase confidence and reduce potential risks from capital flow reversals.

READ ALSO:   Nigeria, 3 Others Get Trump's $639m Aid
SHARE
Previous articleU.N. Evacuates Refugees to Italy from Libya
Next articleYuletide: Lagos Donates Trailer-loads of Lake Rice to Security Agencies
diplomat
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here