Forbes Disagrees with IMF over Nigeria’s Economy

Forbes has disagreed with the International Monetary Find (IMF) over Nigeria’s economic growth in 2018 and projections for 2019. 

Whilst Forbes sees Nigeria’s economy as the most performing in Africa in 2018, with

good prospects for 2019, IMF reports a sluggish growth and perhaps a stunted economy by 2019.

The major research firm, Forbes Africa, in its recent report had rated Nigeria as the 2018 best economy in Africa. 

According to Forbes, Nigeria came top with $172 billion, which was followed by South Africa with $166.735 billion, Egypt in third position with $78 billion while Algeria placed forth with $66.

The report also named Libya with $65 as the fifth, Botswana with $22.675 as sixth and Ghana with $20.458 as seventh. 

But addressing journalists at the ongoing annual meetings of the International Monetary Fund and World Bank Group in Bali, Indonesia, Gian Maria Milesi-Ferretti, deputy director at IMF’s research department said Nigeria’s economy was underperforming. 

The IMF projected that it will grow from 1.9 per cent in 2018 to 2.3 percent in 2019, adding that Nigeria, South Africa and Angola’s slow growth economies are slowing the rest of... 

• Dailytrust