Nigeria is exiting recession, says IMFStaff Writer | December 23, 2017
Nigeria is exiting recession but its economy remains vulnerable, the International Monetary Fund (IMF) said.
Africa Economy remains vulnerable
That has contributed to a cycle of poverty that drives Nigeria's yawning wealth inequality as well as social unrest.
"Overall growth is slowly picking up but recovery remains challenging," the IMF said in a statement about the review.
Macroeconomic and structural reforms remain urgent to contain any vulnerability, it said.
"In the absence of new policies, the near-term outlook remains challenging," the IMF said. ■