RIPPLES NIGERIA
The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said the growth projection of the International Monetary Fund (IMF) for Nigeria’s economy in 2023 was sub-optimal.
Emefiele said the economic projection is less than CBN’s assessment. He made this known on Saturday at the ongoing World Bank/IMF Spring meetings in Washington DC, which ends on Sunday.
Ripples Nigeria previously reported that the CBN’s Monetary Policy Committee (MPC) projected Nigeria’s economy will grow by 2.88 per cent.
This is below the IMF projection and that of the Federal Government that projected 4.2 per cent for the 12 months of this year.
Emefiele, however said the projection of the IMF was welcomed and shows that the policies of Nigerian government and the economic handlers are working.
“I must say that we are delighted that even in sub-Saharan Africa, the growth levels in Nigeria, even though by our assessment, is still sub-optimal. That the IMF, would among all the countries in Africa, say that growth in Nigeria should be retained at 3.2 percent, gladdens our heart”.
