Nigeria must tackle structural, policy challenges to stimulate growth - IMF Wants CBN to stop forex intervention
Mathew Dadiya, Abuja The International Monetary Fund (IMF) has warned that Nigeria’s medium-term outlook remains muted, with risks tilted to the downside, advising that long-standing structural and policy challenges need to be tackled more decisively to reduce vulnerabilities, raise per capita growth, https://plus.google.com/+DailytimesNgr/posts
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and bring down poverty. However, the IMF noted that Nigeria’s economy is recovering with real GDP increased by 1.9 per cent in 2018, up from 0.8 per cent in 2017. This, the Fund observed was driven mostly on the back of improvements in manufacturing and services, supported by spillovers from higher oil prices, ongoing convergence in exchange rates and strides to improve Continued on page 3
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