Need for Nigeria’s sustenance of policies to beat recession highlighted

Fuel shortages in Nigeria have raised the price of gasoline and caused huge queues in cities like the capital Abuja, in a country already grappling with high inflation and a cost of living crisis.

Fitch Ratings says reforms by the Nigerian government has reduced distortions stemming from previous unconventional policies. In a recent rating action, Fitch upgraded Nigeria’s credit rating outlook to positive.

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