Without structural gaps, Nigeria’s GDP will grow by 5% – IMF

The International Monetary Fund has said that Nigeria’s economy stands to grow at five per cent beyond the current 3.19 per cent if there is a 25 per cent removal of bottlenecks around governance and business regulations.

IMF Resident Representative, Dr Christian Ebeke said Nigeria is growing at three per cent but has the potential to grow at five per cent by “simply reducing the governance bottlenecks and business regulations by 25 per cent only.”

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