Nigeria exited recession 0 83 growth 2017 just like imf predicted

I think there may be some misinformation here.

Nigeria did not exit recession in 2017 with 0.83% growth. According to the National Bureau of Statistics (NBS), Nigeria's economy contracted by 1.5% in 2016, which was the first recession in 25 years. The recession was caused by a combination of factors, including a decline in oil prices, a drop in oil production, and a decline in agricultural production.

In 2017, Nigeria's economy grew by 0.83%, which was a slight improvement from the previous year's contraction. However, this growth rate was still below the population growth rate, which means that the economy was not growing fast enough to lift people out of poverty.

The International Monetary Fund (IMF) did not predict that Nigeria would exit recession in 2017 with 0.83% growth. In its World Economic Outlook report in October 2016, the IMF projected that Nigeria's economy would contract by 1.8% in 2016 and grow by 1.1% in 2017. The IMF's projections were later revised to reflect a more severe recession in 2016 and a slower recovery in 2017.

It's worth noting that Nigeria's economy has continued to face challenges, including a high level of unemployment, inflation, and a large trade deficit. The country's economic growth has been slow and uneven, and there are concerns about the sustainability of the recovery.

I hope this clears up any confusion. Let me know if you have any further questions!