Tag: IMF
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FG Spent N650.2 billion on Petrol Subsidy in 12 Months — NNPC Report
A new report by the Nigerian National Petroleum Corporation (NNPC), has revealed that the Federal Government spent a total of N650.2 billion on petrol subsidy between April 2018 to March 2019.
Ending Fuel Subsidy could gain up to 4% of Global GDP–IMF
Fuel subsidy in Nigeria has been a subject of discussion among the stakeholders of the country’s economy. In what appears to be a second attempt to save the country’s economy which presently bites, the International Monetary Fund (IMF) has reiterated the need for Nigeria and other countries that still retain the policy of subsiding fuel consumption to put an end to the policy.
Nigeria’s growth forecast increases to 2.3%-IMF
The International Monetary Fund on Tuesday, July 23, 2019, increased Nigeria’s economy growth forecast for the 2019 financial year from 0.3 per cent to 2.3 per cent.
IMF to Begin Search for New Head as Lagarde Resigns
Christine Lagarde will resign from the International Monetary Fund on September 12 as she awaits final word on her nomination to the presidency of the European Central Bank, she announced Tuesday.
IMF doubts Nigeria’s ability to repay N24.39 trillion debt
The International Monetary Fund (IMF) has expressed worry over Nigeria’s ability to repay its foreign debt which had continued to rise.
