Business Nigeria's Economy to Grow By 2.2% This Year

[ProfRem]

Nigerian economy is expected to grow 2.2 percent this year, the government said in a strategy document after the country suffered its first recession in more than two decades in 2016.

The 2018-2020 Medium Term Fiscal Framework and Strategy Paper, seen by Reuters is to form the basis for its 2018 budget, projects spending of 7.94 trillion naira ($21.75 bln) next year, up 6.7 percent from the sum budgeted for 2017. The document was dated July 27.



The International Monetary Fund on Wednesday said it expects Africa's biggest economy to grow by 0.8 percent this year, with threats to growth remaining elevated.

 

[PressRoom]

Hehe... Did IMF not say not say 0.80%? Enough of the rhetorics, and contrasting projections from FG. Execution is key. Delay in policy execution poses main risks to the economic outlook.

 

[ProfRem]

Hehe... Did IMF not say not say 0.80%? Enough of the rhetorics, and contrasting projections from FG. Execution is key. Delay in policy execution poses main risks to the economic outlook.

But should we believe in IMF or our data?