The International Monetary Fund (IMF) has projected Nigeria’s real Gross Domestic Products (GDP) to rise to 3.3 per cent this year.
It however, hinged the growth on the implementation of Economic Recovery and Growth Plan (2017–20), which emphasises economic diversification. The Fund also noted that Nigeria is indebted to it to the tune of N31. 01 trillion. In May last year, IMF released over $1 trillion to poor members nations including Nigeria. The Managing Director of IMF, Kristalina Georgieva, added that the fund was a response to several distress calls by members who are in dire need of support.
“We have $1 trillion in lending capacity and are placing it at the service of our membership. We are responding to an unprecedented number of calls for emergency financing—from over 90 countries so far…
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News Archive from before July 2018