IMF lowers Nigeria’s 2016 growth projections to 2.3%

IMF lowers Nigeria’s 2016 growth projections to 2.3%

International Monetary Fund (IMF) on Tuesday lowered Nigeria’s 2016 economic growth projections to 2.3 percent from its earlier January forecast of 3.2 percent amid fears that the negative impact of lower oil prices is now compounded by disruptions to private sector activity through exchange rate restrictions. Officially kick-starting this year’s annual Spring meetings which it…

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