IMF List Solutions to Nigeria’s Economic Crisis


IMF Executive directors have welcomed the Nigeria’s policy agenda and suggested the following as utmost solutions to the lingering economic crisis in the country.

– Enhancement of transparency, strengthening governance, improving security, and creating jobs

– The critical need to raise non oil revenues to ensure fiscal sustainability while maintaining infrastructure and social spending.

– Gradual increase in the VAT rate, further improvements in revenue administration, and a broadening of the tax base

IMF, once again, called for a flexible exchange rate system and raised concerns over Nigeria’s inflation objective saying the policy approach of expansionary monetary policy, together with a relatively fixed exchange rate and exchange restrictions had adversely impacted economic activity.

Farouk Mohammed

Farouk Mohammed is a Head Editor at Okay Nigeria ( He has been publishing for 5 years and focused more on Local/World News on
Back to top button