IMF
The International Monetary Fund (IMF) has said although Nigeria is said to have exited recession, the economy still remains largely vulnerable.
It made this known at the conclusion of its four-day mission to the country on Article 1V consultation with the Federal Government.
Article 1V Consultation is the assessment of IMF member countries macroeconomic (fiscal and monetary) conditions with a view to identifying growth challenges, as well as potentials so as to address them and tap into the opportunities.
Key findings in Nigeria during the mission identified huge opportunities in the country’s power sector and business environment under the Economic Recovery and Growth Plan (ERGP).
Equally, the mission said macroeconomic and structural reforms remain urgent to contain vulnerability and support sustainable private sector led growth.
Nigeria’s economy still weak, IMF insists
