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ARTICLE · 23 OCTOBER 2017

IMF Identifies Threats To Sustained Economic Growth In Nigeria

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Consistent policy implementation, forex market segmentation, banking systems fragilities have been identified by the International Monetary Fund

NigeriaStrategy
Uche Matthew
Uche Matthew
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Consistent policy implementation, forex market segmentation, banking systems fragilities have been identified by the International Monetary Fund (IMF) as major threats to sustained economic growth which is being witnessed in Nigeria since the country came out of its worst economic recession in more than two decades.

The Fund also re-affirmed its 0.8 percent growth forecast for the nation's economy in 2017 contrary to the Federal Government's projection of 2.19 percent. The Division Chief, Research Department, IMF, Oya Calesun, gave the forecast while briefing the media on the World Economic Outlook (WEO) released on October 12, 2017 at the IMF/World Bank Annual Meetings in Washington D.C.

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