IMF: economy on right track - The Nation Nigeria

Its Executive Directors also hailed the economy’s recovery signs, such as reduced inflation and strengthened reserve buffers.

It said the headline inflation fell to 11.4 per cent at end of 2018, reflecting declining food price inflation and weak consumer demand. The Fund pointed out that persisting structural and policy challenges continue to constrain growth to levels below those needed to reduce vulnerabilities, lessen poverty and improve weak human development outcomes, such as in health and education.

“Monetary policy focussed on exchange rate stability would help contain inflation, but worsen competitiveness if greater flexibility is not accommodated when needed. “Bold reform efforts, following the election cycle, could boost confidence and investments, especially given relatively conservative baseline projections.”

The executive directors stressed the need for revenue-based consolidation to lower the ratio of interest payments to revenue and make room for priority expenditure.

so this is not celebrated? something is wrong, people are actually hoping buhari fails

Yeah without you guys bitter pills!

Same IMF that was out to confuse many before the election. But las las we know you guys gonna admit.

kakra68 Without there input they shld add.

Somebody should tag Baba Obasanjo

No Western Pills for the Nigerian Malady just bear knuckle economics of self control preservation and raising local productivity Kudos MBuhari ProfOsinbajo HMKemiAdeosun cenbank

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