Nigeria Reforms Underpin Stronger Economic Growth, IMF Says
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The International Monetary Fund welcomed reforms that are being implemented by Nigerian President Bola Tinubu’s government, and it forecast faster economic growth in the West African nation and other key economies on the continent.
Tinubu, who came to power in May, has reorganized the country’s foreign-exchange system, abolished costly gasoline subsidies and taken steps to boost tax revenue to galvanize Africa’s biggest economy. It’s expected to expand 3.1% next year, compared with 2.9% in 2023, the IMF said in its World Economic Outlook on Tuesday.