Nigeria’s sweeping economic reforms have reignited investor confidence and earned praises from global institutions, but the toll on the nation’s poorest citizens has cast a shadow over the gains.
This is according to the International Monetary Fund (IMF).
On her first visit to Nigeria, Gita Gopinath, the IMF’s First Deputy Managing Director, commended the government for implementing long-overdue measures such as the liberalisation of the foreign exchange market and the removal of fuel subsidies.
But she also warned that the benefits of these reforms could be undermined if social protection programs are not accelerated.
Editor: Anoyoyo Ogiagboviogie
