FG to revive, sustain economy through reforms

The Federal Government on Tuesday, promised to implement daring reforms that would revive and sustain economic growth and development in the country.

The Minister of Finance, Mrs Kemi Adeosun, made the promise in Abuja at the launch of the International Monetary Fund’s Regional Economic Outlook report on Sub-Saharan Africa.

According to IMF report, Nigeria’s, real GDP is expected to grow at 0.8 per cent in 2017 and 1.9 per cent by 2018.

The reports further said inflation would remain elevated at 17.5 per cent and fiscal deficit to deteriorate to 5 per cent of GDP in 2017.

It also said GDP was projected to go from 19 per cent in 2016 to 20.1 per cent in 2017 and 20.4 per cent in 2018.

According to it, imports is expected to reduce from 13.8 per cent of GDP in 2017 to 12.4 per cent in 2018 and trade balance to improve by 1.5 per cent…