Nigeria’s economy grew by 1.5% in the second quarter of 2018, with the International Monetary Fund (IMF) predicting a full year growth rate of 1.9%. Nonetheless, the pace of growth is slowing as GDP growth has declined from levels recorded in Q1:2018, edging investors and other stakeholders towards a cautiously optimistic view on the economy’s recovery prospects. This is attributable to the country’s persistent dependence on oil revenues to drive growth, with no real improvements in employment and aggregate demand.