IMF rating confirms resilience of Nigerian economy – Accountant-General
The Accountant-General of the Federation, Alhaji Idris Ahmed, has said that the recent announcement by the International Monetary Fund that Nigeria has the largest economy in Africa, demonstrates the resilience of the economy.
Despite the worst economic recession Nigeria had faced in 29 years, the IMF, in its Economic Outlook Report for October, projected Nigeria as the biggest economy in Africa ahead of South Africa and Egypt.
According to Daily Post, Ahmed, who spoke on the sidelines of the Federation Account Allocation Committee Meeting on Friday in Abuja, attributed the growth in the economy to the on-going massive capital investments in the country.
He said, “The IMF rating confirms the resilience of our economy and the resilience of Nigerians in terms of coming out of this recession.
“It also goes to confirm the massive capital investments that are being made by this government and it is not just by the Federal Government but by the state governments as well.
“So, we will come out of this recession. It is just a matter of time.
“All the necessary indicators and stimulants have been put in place and we are already beginning to reap the benefits of what is being done.”
Posted by Janice Johnson
