The International Monetary Fund, IMF, has projected that Nigeria’s economic growth will slow to 3.0 per cent in 2023 while the inflation rate drops to 17 per cent.
IMF: Dangote Refinery, Supportive Credit Facility, Can Accelerate Nigeria’s Economic Recovery Process
The International Monetary Fund (IMP) has noted that the non-oil sector of the Nigerian economy could be stronger, benefitting from its recent growth momentum, higher production from the new Dangote Refinery, and supportive credit policies.
In the cesspool of corruption and continuous A-grade drama that is Nigeria, only a handful of names have stood out to tell a different story, not only in Nigerian circles but across global scenes, too. One very prominent name to reckon with is the iconic name of Dr Ngozi Okonjo-Iweala, who through sheer hard work […]
The International Monetary Fund (IMF) has projected that Nigeria’s economy will recede by 3.4% in 2020 as a result of the COVID-19 pandemic that has disrupted global supply chains.
Economic performance of The Republic of Benin remains strong despite a less supportive external environment and the border closure with Nigeria, the International Monetary Fund has said. The Brenton Woods institutions made this known on Friday after its Executive Board’s Fifth Review Under the Extended Credit Facility Arrangement with that country. Though Benin’s real GDP […]
The IMF said there was also a scope to re-examine how to improve the effectiveness of other types of subsidies, citing Malawi’s farm input subsidy programme as an example.
The International Monetary Fund (IMF) yesterday reiterated its support for the ongoing tight monetary policy stance that had been adopted by the Central Bank of Nigeria (CBN) in the past few years.
Tayo Olanipekun Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has resigned from her position as the Brenton Woods institution boss, effective from September 12. This follows her nomination as the European Community Bank (ECB) President last month, leading to the relinquishment of her roles before now as the IMF MD. David Lipton […]
Tayo Olanipekun, Washington DC Nigeria does not have any “imminent” plan to remove fuel subsidy as there are currently no buffers to cushion the effect of such action, Minister of Finance, Zainab Ahmed, has said. The Minister said this in Washington DC Sunday morning during a briefing with journalists on the sidelines of the World […]
Tayo Olanipekun, Washington DC The International Monetary Fund (IMF) has said Nigeria is one of about 24 resource-dependent economies facing sluggish growth and slower improvements in standards of livings and thus needs to pursue reforms to facilitate economic diversification. Speaking on Friday at the ongoing Spring Meetings of the Fund during the Regional Economic Outlook […]