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IMF warns Nigeria over falling real GDP per capita
  • Post by Admin on sunday, March 05, 2015

The International Monetary Fund (IMF) is sceptical of the growth being recorded in the Nigerian economy, a report by Reuters indicated.  The IMF believes Nigeria will "muddle through" with its economic policies in the medium term, according to a report seen by Reuters on Wednesday.

The Fund advised that "comprehensive and coherent" economic policies "remain urgent and must not be delayed by approaching elections and recovering oil prices". The IMF added that while the broader economy is slowly exiting recession, real gross domestic product per capita is falling.

Meanwhile, Nigeria recorded a balanced economic growth in 2017 with encouraging growths seen in oil sector, non-oil sector and the services sector, an expert, Senior Special Assistant Economist at Renaissance Capital, Yvonne Mhango has observed.

The Gross Domestic Product (GDP) report for the fourth quarter of 2017 showed that Nigeria recorded 0.82 per cent growth rate in 2017 and 1.92 per cent growth rate in the final quarter of 2017.

Photo Caption: IMF LOGO

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