Nigeria needs to diversify economy and end reliance on oil to fight poverty – IMF Boss

NIGERIA – Newly appointed Managing Director of the International Monetary Fund MD, Ms Kristalina Georgieva, has said that Nigeria needs to diversify the economy from the oil in order to reduce the level of economic vulnerabilities currently facing the country. Georgieva, who said this in Washington DC, United States, during the World Bank/IMF annual meetings, explained that the level of economic growth in the country was too slow to reduce its poverty rate. According to the IMF boss, the multilateral financial institution understood how important Nigeria is to the economy…

Read More