IMF Praises Nigeria's Reforms, Predicts 6% Trade Surplus Amid FX Stability

The International Monetary Fund praises Nigerias monetary and fiscal reforms, predicting a 6% trade surplus due to enhanced foreign exchange stability, crucial for economic growth.

• The International Monetary Fund commended Nigeria for decisive monetary and fiscal reforms that have stabilized the economy and strengthened foreign exchange reserves.
• Nigerias Gross domestic product is expected to benefit from enhanced foreign exchange stability, leading to a predicted 6% trade surplus in the coming period.
• Recent reforms have contributed to reducing inflation rates in Nigeria, providing a foundation for sustainable economic growth and improved investor confidence.