The International Monetary Fund (IMF) has urged the Central Bank of Nigeria (CBN) to decrease its dependence on foreign portfolio investments, which the organization characterized as costly and associated with rollover risks. This recommendation was highlighted in the IMF's recent Article IV Consultation report on Nigeria, published on Tuesday. The report acknowledged that while portfolio inflows have seen a resurgence, the potential financial vulnerabilities they introduce necessitate a more cautious approach. The IMF's call emphasizes the need for Nigeria to seek more stable and sustainable sources of investment.
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