IMF Okays Buhari Economic Policy

The International Monetary Fund (IMF) has okayed the economic policies of the Buhari administration.

The IMF says the Nigerian economy is recovering, and that it’s economic reforms are impacting positively on the economy.

The Fund in its executive board consultations on Nigeria, says the ongoing reforms has resulted in reduced inflation, and improved external reserve buffer.

It explains that the real Gross Domestic Product of Nigeria also increased by 1.9 per cent in 2018, against 0.8 per cent in 2017.

The IMF attributes this to improvement in the capacity utilization by the manufacturing sector, spill over from high oil prices and the ongoing convergence in the foreign exchange rates.

READ ALSO: Nigeria’s Debt Profile Hits N24.3bn Debt

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