Business You Won’t Be Lucky If Oil Plunges Again, IMF Warns Nigeria, Others – Thisdaylive


The International Monetary Fund (IMF) has cautioned Nigeria and other oil exporting countries yet to utilise the opportunity created by the prolonged stability in crude oil prices to reform their economies, saying they would not be so lucky if crude prices plunge again.

The Economic Counsellor and Director of the Research Department, IMF, Maurice Obstfeld, gave the warning Tuesday at a press briefing to unveil the latest World Economic Outlook at the ongoing IMF/World Bank spring meetings in Washington D.C.


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