Tag: IMF
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How Nigeria’s fuel subsidy removal, FX unification can translate to economic growth
The International Monetary Fund, on Friday, said for Nigeria’s fuel subsidy removal policy and foreign exchange unification initiative to translate to economic growth and stability, the Federal Government must collect more taxes to fund the national budget and pay public debts.
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U.S. stays strong as global economic growth slows down
The International Monetary Fund (IMF) has projected medium term global economic stagnation while appraising the economy of the United States as strong and resilient.
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IMF advises Tinubu on how to mitigate impact of fuel subsidy removal
The International Monetary Fund (IMF) has advised President Bola Tinubu on how to mitigate the impact of fuel subsidy removal.
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Would Nigeria take IMF loan to cushion petrol and Naira subsidy removal? – By Magnus Onyibe
As I was in the process of releasing this piece into the mass media,the news broke that President Tinubu has on Wednesday 12 July ,put forward a request to the House of Representatives, HoR for five hundred (N500b) billion naira as extra funds for the provision of succor for the masses undergoing what Mr President…
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A comparative analysis of Tinubunomics reforms and IMF conditionalities for loan – By Magnus Onyibe
It would not be baseless or without justification ,if one makes the assertion that there is nobody in Nigeria that did not experience Tinubumania during the presidential campaign period in the last quarter of last year and first quarter of this year.
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Ghana raises electricity tariffs by more than 18%
Ghana utility regulator on Wednesday said the average end-user tariff for electricity has been increased by 18.36 per cent for the second quarter of 2023. According to the regulator, Ghana had previously added almost 30 per cent tariff in the first quarter.
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Tougher days ahead as IMF warns of decline in foreign loans to Nigeria
The International Monetary Fund (IMF) has warned that a significant reduction in foreign lending to Nigeria and other African countries is imminent as the global economy continues to suffer further shocks and contractions. IMF Deputy Department Head Wenjie Chen, made the announcement during a keynote speech at the International Monetary Fund’s Regional Economic Review held…
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Nigeria’s economy’ll grow at subdued pace in 2023 – CBN Gov, Emefiele
Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN) has said the nation’s economy will grow at a subdued rate in 2023.
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Smart Europeans, daft Africans – By Owei Lakemfa
Smart Europeans. After building their wealth from resources taken from the colonies, including gold, diamond, rubber, cocoa, cotton and human beings, they decreed that the only way to prosperity is through ‘market forces’. They taught gullible Africans that only the perfect market delivers, while state intervention stagnates.
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DEBT: Nigerian govt in talks with IMF, World Bank
In a bid to restructure the country’s debts, the Nigerian government has been in talks with the International Monetary Fund (IMF) and the World Bank. This was reveales by the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, who noted that the country was considering tapping from the IMF’s newly created Food Shock…