IMF Reveals Why It Contradicted Nigeria's Growth Projection
IMF Boss Christine Largade

The International Monetary Fund (IMF) has said its growth projection for Nigeria is more current than what the West African nation is predicting.

Concise News gathered that there is a discrepancy between the federal government and the IMF’s growth projection.

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The Federal Government had put its growth projection at 3.5 percent in the 2018 budget with the IMF projecting 2.5 percent.

But the IMF later in the year reviewed its projection downward to 2.1 percent and the federal government later slashing theirs down to the IMF’s level of 2.1 percent.

That was not all as the IMF dropped its projection to 1.9 percent at the recent IMF/World Bank Meetings in Indonesia

Speaking on the discrepancies, IMF’s Director for Africa, Abebe Selassie, said: “I think it is a matter of updating.

“We are always on the watch to update our projections following developments in the economy we watch. We are always current.”