Overcoming Nigeria’s Economic Challenges: Delivering Sustainable Growth
Gene Leon, IMF Senior Resident Representative in Nigeria
Chair: Elizabeth Donnelly, Assistant Head and Research Fellow, Africa Programme, Chatham House
While Nigeria’s successful elections represented a significant moment in the consolidation of democracy in the country, the new government has inherited a much weakened economy resulting from the dramatic drop in crude oil prices, mismanagement and a costly election. The IMF revised its growth forecast for Nigeria in 2015 to 4.8 per cent from 7.3 per cent, domestic and external public debt has risen, and the government will need to fund costly ambitions relating to security, infrastructure and poverty alleviation.
Gene Leon, the IMF Senior Resident Representative in Nigeria, will discuss the outlook for Africa’s largest economy and essential reforms to reduce vulnerabilities.
Attendance at this event is by invitation only.