IMF urges Nigeria to adopt flexible exchange rates

first_imgThe Executive Board of the International Monetary Fund is urging Nigeria to introduce greater exchange rate flexibility and to begin unwinding currency restrictions.President Buhari and several ministers were in Washington as part of the Nuclear Security Summit and the Spring Meetings of the IMF and World Bank.The IMF is advising Nigeria on a whole range of economic measures, while predicting growth to decline further, to 2.3% in 2016. The Fund’s Chief of Mission in Nigeria, Gene Leon has been speaking to our Washington Correspondent Daniel Ryntjes