IMF explains how brain drain can help grow Nigeria's economy

  • The IMF has predicted that brain drain in Nigeria will drive remittances and foreign investments
  • A director at IMF urged the Nigerian government to explore opportunities from the immigration of its people
  • He, however, emphasized the necessity for the government to create incentives for the youth to remain in the country

The International Monetary Fund (IMF) has urged the Federal Government of Nigeria to take advantage of the brain drain issue in the country.

Speaking on the subject, Abebe Selassie, the Director of the Africa Department of the IMF, said that the Nigerian government must begin to look at the positive side of the trend, which has sparked the widely popular “Japa syndrome”.