Economy Will Beat IMF prediction – Presidency

The Presidency has said that  Nigerian economy will beat the International Monetary Fund’s prediction.

“The IMF had forecast a growth of -1.8% for 2016. However, the economy is performing better than the IMF estimates so far. For the half year, it stands at -1.23% compared to an average of -1.80% expected on average by the IMF.

The Special Adviser to the President on Economic Matters, Dr Adeyemi Dipeolu, said this in a statement, even as he admitted that the rate of inflation and unemployment in the country remains “stubbornly” high.

Dipeolu’s statement was made available to State House correspondents by the Senior Special Assistant to the Vice President on Media and Publicity, Mr. Laolu Akande.

“What is more, it is likely the second half will be better than the first half of 2016. This is because many of the challenges faced in the first half either no longer exist or have eased.”

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