Home Business Oil production set to boost Nigeria’s economic recovery by 0.8% – IMF
Oil production set to boost Nigeria’s economic recovery by 0.8% – IMF
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Oil production set to boost Nigeria’s economic recovery by 0.8% – IMF

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According to the International Monetary Fund (IMF) 2017 Article IV Consultation with Nigeria, significant increase in Nigeria’s crude oil production is expected to push economic recovery upward by 0.8 per cent this year.

IMF in the report released last week, noted that with oil receipts dominating fiscal revenue and exports, the Nigerian economy was hit hard by low oil prices and falling production, adding that under unchanged policies, the outlook remains challenging.

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