The International Monetary Fund has revealed that Nigeria is not among Africa’s fastest-growing economies, as countries such as Benin Republic, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda continue to lead the continent’s growth trajectory in the world.
The IMF said the five countries are now among the world’s fastest-expanding economies, buoyed by sustained policy reforms, improved fiscal management, and investments in infrastructure and manufacturing.
The Director of the IMF’s African Department, Abebe Selassie, disclosed this during the launch of Sub-Saharan Africa’s latest Regional Economic Outlook at a press briefing monitored by our correspondent on Thursday.
He said Benin, Côte d’Ivoire, Ethiopia, Rwanda, and Uganda are among the world’s top-performing economies, crediting their strong growth to fiscal reforms and macroeconomic stability.