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IMF projects 2.1 pct growth for Nigeria in 2018
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IMF projects 2.1 pct growth for Nigeria in 2018

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The International Monetary Fund has projected Nigeria’s GDP growth at about 2.1 per cent in 2018.

This forecast by IMF is due to the country’s dependency on oil revenues.

The IMF forecast is contradicting the Federal Government 3.5 per cent growth for next year.

The government says medium term growth is based on the assumptions of average oil production of 2.2million barrels per day, benchmark oil prices of $45 per barrel, and exchange rate of N305 to a dollar.

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