June 17, 2022 12:50 PM
The Washington-based institution said this in a statement issued after completing a series of meetings between its team led by Jesmin Rahman, mission chief for Nigeria at IMF, and Nigerian authorities. The IMF described Nigeria’s economic outlook as “challenging” with high food prices raising food security concerns.“Regarding the economic outlook, GDP growth is projected at 3.4 percent in 2022 while inflation is expected to remain elevated,” the statement reads.
“Regarding the external sector, the current account deficit narrowed significantly in 2021, helped by import compression and higher net oil balance.
Source: Financial Digest (financialdigest.net)
How does this bring food to the table of the ordinary citizens? Yes it’s good on paper but what of reality ( facts)!