Nigeria, Feb. 13 -- The International Monetary Fund has highlighted key recommendations to address Nigeria's economic challenges and related monetary policy concerns.

In its latest 'Post Financing and Assessment Discussion and Staff Report' for Nigeria, the fund suggested a series of measures to be implemented over the next six to twelve months, aimed at stabilising the economy and fostering growth.

One of the primary recommendations is to raise the monetary policy rate at the upcoming MPC meeting, to achieve a positive real interest rate.

"Raise the monetary policy rate at the next Monetary Policy Committee (MPC) meeting to make it positive in real terms over the next 6-12 months. This will be a key signal of the direction of monetary...