IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES

The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four years have been very difficult in the wake of the decline in oil prices in 2015-16.

“Since then, their growth has been quite anemic ” Abebe Aemro Selassie , Director, African Department, IMF said on Thursday during the October 2020 Sub-Saharan Africa Regional Economic Outlook Press Briefing, on the sidelines of IMF/World Bank virtual annual meetings in Washington D.C.

Selassie said there has been a lot of pressure on standards of living, “so there has been this dislocation and you know, as always when you have these kinds of economic difficulties, you know, social protests are not uncommon”.

 

Source: BusinessDay News

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