Cost of doing business in Nigeria is very high on account of famous recourse to highly inefficient and harmful generator use up and down the country – IMF Nigeria will have to implement key reforms in its power sector if the country is to record strong economic growth this year, the International Monetary Fund (IMF) has said. Director of the IMF’s African Department, Mr. Abebe Aemro Selassie, stated this at a press briefing on the release of the Fund’s latest Regional Economic Outlook for Sub-Saharan Africa. Responding to a question…
Read MoreIMF carpets Nigeria’s power sector, says outages impediment to growth
