February 28, 2018 / 4:16 PM / a year ago

IMF says Nigeria will "muddle through" with economic policies in medium term

A security personnel stands next to International Monetary Fund logo at IMF headquarters in Washington, U.S., April 19, 2017. REUTERS/Yuri Gripas

ABUJA (Reuters) - The International Monetary Fund (IMF) projects that Nigeria will “muddle through” with its economic policies in the medium term, according to a report seen by Reuters on Wednesday.

The lender warned that “comprehensive and coherent” economic policies “remain urgent and must not be delayed by approaching elections and recovering oil prices”.

The IMF added that while the broader economy is slowly exiting recession, real gross domestic product per capita is falling.

Reporting by Paul Carsten; Editing by Andrew Heavens

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