Stable forex, lower inflation will attract foreign direct investment to Nigeria

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The International Monetary Fund (IMF) says stable exchange rates and lower inflation will attract more investments into Nigeria. Ari Aisen, the IMF

The International Monetary Fund says stable exchange rates and lower inflation will attract more investments into Nigeria.

He reiterated support for the fuel subsidy removal and exchange rate unification, insisting that it will enhance the economic outlook of Nigeria. He added that the country’s Gross Domestic Product growth has been soft, which was expected because of the higher fuel prices and inflation.

 

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