Experts insist policy option, timing fail Nigeria’s economy

Professionals in the financial industry have insisted that policy choices and timing, particularly in the fiscal and monetary space, have failed the country.This was in response to the assertion by the International Monetary Fund (IMF) that Nigeria’s efforts to save the naira crumbled, resulting to aggravated economic issues.

The country was affirmed recessed in August 2016, two years after its major revenue earner- crude oil, lost value in the international commodity market. Thereafter, Nigeria has been flickering between monetary and fiscal policies that many believe have not helped economic activities.

The analysts, like the IMF, said government’s response-timing and decisions, were far from the solution, but rather worsened productive activities and general price of goods and services