Buhari Plans Seen as Inadequate to Deal With Nigeria’s Slump

  • Economy will probably contract this year, IMF said on July 8
  • Naira peg was removed last month after more than a year

Nigeria’s economy could contract this year and President Muhammadu Buhari’s government is seen as having few plans in place to turn the slump around, according to analysts including Renaissance Capital Ltd.’s Yvonne Mhango.

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