Tag Archives: IMF

The Managing Director, International Monetary Fund (IMF), Mrs. Christine Lagarde, has advised the Nigerian government to jettison spending on fuel subsidy and expend the money on health, education and infrastructural development.

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**Says 17 African Countries At High Risk Of Debt Distress Tayo Olanipekun, Washington DC By 2030, nearly nine in 10 extremely poor people will be Africans, and half of the world’s poor will be living in fragile and conflict-affected settings, the World Bank has said. Speaking on Thursday in Washington DC during the opening press briefing at the World Bank/IMF …

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Tayo Olanipekun, Washington D.C Nigeria must embark on a comprehensive tax reform to “sustainably increase its non-oil revenue” considered to be among the lowest in ratios to GDP in the world, the International Monetary Fund (IMF) has said. The nation has important development needs “big time” and with its non-oil revenue to GDP at around 3.4 and total tax revenue …

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**Nigerian Senator Disagrees, Says $1 Can Feed A Nigerian Daily Tayo Olanipekun, Washington DC Of the five countries known to be home to half of world’s poor people, Nigeria and the Democratic Republic of Congo (DRC) will see increased poverty in the next 10 years, the Interim President of the World Bank Group, Kristalina Georgieva, has said. She said India, …

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By Christine Lagarde and John Bluedorn “To define is to limit,” Oscar Wilde once said. But sometimes economists need to use definitions to see the scope of a problem and find ways to lift the limits to success. This is especially true for young people in emerging markets and developing economies. We know that young people are essential to economic …

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One of the International Monetary Fund’s top officials warned on Tuesday that “storm clouds” were gathering over the global economy. IMF First Deputy Managing Director, David Lipton, said that governments and central banks might not be well equipped to cope. Lipton said that the fund had been urging governments to “fix the roof” during a sunny last two years for …

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Nigeria should explore ways of increasing revenue outside its traditional base of oil proceeds, the International Monetary Fund (IMF) has said. Speaking during a press briefing at the on-going 2018  IMF/World Bank Meetings in Bali, Indonesia, IMF’s Deputy Director, Fiscal Affairs Department, Paulo Mauro, explained that there is an issue of how  to increase Nigeria’s revenue base, pointing out that …

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The International Monetary Fund (IMF) has urged Nigeria to prioritise and embark on infrastructural projects that would boost the nation’s economic growth. The body stressed that increasing revenues was very important for Nigeria, but equally significant was the choices made on what it would be spent on. Deputy Director, IMF Fiscal Affairs Department,Mr Paolo Mauro, made this know on Wednesday …

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The Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele; Chairman, UBA, Heirs Holdings and Transcorp, Mr. Tony Elumelu and International Monetary Fund (IMF) Country Chief, Mr. Amine Mati  are among the dignitaries who have confirmed their attendance at  the 2018 Financial Markets Conference of the Financial Markets Dealers Association (FMDA). The event scheduled to hold at the prestigious Eko …

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The International Monetary Fund on Monday expressed concern over Nigeria’s capacity to repay its debts and stressed the need for the Federal Government to mobilise more revenues domestically. The Washington-based fund, at the public presentation of the Spring 2018 Issue of the Regional Economic Outlook for Sub-Saharan Africa, said the public debt in the region was on the rise. IMF …

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