The International Monetary Fund (IMF) is advising the Federal Government of Nigeria to sustain its ongoing economic reforms for the country to get better and achieve the desired economic growth that will lift the majority of citizens out of poverty.
The multilateral institution also urged the federal government to address governance and business regulation bottlenecks to grow the economy at five to eight percentage points annually.
Dr. Christian Ebeke, IMF Resident Representative for Nigeria, gave the advice On Tuesday in Lagos at the "Lagos Chamber of Commerce and Industry (LCCI) International Business Conference and Expo 2024, Invest Nigeria".
In his presentation, titled, "Nigeria Must Stay the Course on Reform Agenda," Ebeke stated that the country was faced with acute policy trade-offs that stemmed from inherited imbalances.
He added that Nigeria's outlook was predicated on strong policies since "higher and durable growth required macro stability and further reforms".
