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IMF says Nigeria will ‘muddle through’ with economic policies in medium term

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Published on: June 15, 2023

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*International Monetary Fund (IMF) logo is seen at the IMF headquarters building during the IMF/World Bank annual meetings in Washington, U.S.. Image courtesy: Reuters/Yuri Gripas*

The International Monetary Fund (IMF) projects that Nigeria will “muddle through” with its economic policies in the medium term, according to a report seen by Reuters on Wednesday.

The lender warned 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.

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