By: Babajide Okeowo
Business operations in Nigeria and other Sub-Saharan African (SSA) countries have been hampered by import restrictions and foreign exchange shortages, the International Monetary Fund (IMF) has disclosed.
The Fund made this known in its latest Regional Economic Outlook for Sub-Saharan Africa entitled, “A Tepid and Pricey Recovery,” where it explained that the twin challenges of import restrictions and foreign currency shortages could mar the post-pandemic recovery in terms of profitability of companies across the region.
