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IMF rating: Nigerian economy remains resilient despite recession – AGF

The Accountant-General of the Federation, Alhaji Idris Ahmed on Friday said the resilience of the Nigerian economy has been once again confirmed by the recent announcement by IMF that Nigeria has the largest economy in Africa.

Ahmed said this at the sidelines of the Federation Account Allocation Committee Meeting in Abuja.

He said, “The IMF rating confirms the resilience of our economy and the resilience of Nigerians in terms of coming out of this recession.

“It also goes to confirm the massive capital investments that are being made by this government and it is not just by the Federal Government but by the state governments as well.

“So, we will come out of this recession. It is just a matter of time.

“All the necessary indicators and stimulants have been put in place and we are already beginning to reap the benefits of what is being done.”

The International Monetary Fund had said Nigeria has the biggest economy in Africa, ahead of South Africa despite the lingering recession.

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