Three things we learnt from IMF’s 2020 Article IV mission to Nigeria

The International Monetary Fund (IMF) expects Nigeria’s economy which has been severely impacted by the COVID-19 pandemic to contract by 3.4 percent in 2020, a 6-percentage point drop compared to pre-COVID-19 projections on the back of plunging oil prices. Africa’s largest economy which was already experiencing falling per capita income and double-digit inflation became more…