The organization expressed concern over the protests particularly ones that are difficult like the ones in Nigeria at the moment.
Responding to questions during the virtual IMF press conference on the regional economic outlook for Sub-Saharan Africa, the IMF Director, African Department, Abebe Selassie, said it was important for government to find an immediate solution to the protests.
He said these protests happened after the period where the data they looked at in making the growth projections for this economic outlook.
He maintained that Lagos remains a very important economic hub and contributes quite a bit of economic activity to overall Nigeria activities and expressed concern that if these protest persist and are showing significant effects on economic data, they will internalize them in due course.
Selassie said the economic conditions in Nigeria of course, for the last four years or so have been very difficult in the wake of the decline in oil prices in 2015-16. Since then, their growth has been quite anemic.
