Nigeria: IMF Says Nigeria's Economic Recovery Still Challenging

14 July 2018

The International Monetary Fund (IMF) says Nigeria's economic outlook for 2018 remains challenging as private sector lending remains low and foreign exchange inflows are mostly short-term.

IMF in a statement issued in Washington on Friday by Lucie Fouda, the Fund's Press Officer, said higher oil prices and portfolio flows had helped strengthen fiscal and external buffers.

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