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Global Shocks: Edun warns against subsidy return, seeks cheaper financing

Global Shocks: Edun warns against subsidy return, seeks cheaper financing

•Says high borrowing costs choking developing economies  •Urges Central Banks to balance monetary policy  •Says Developing countries pay more in debt than they receive  By Babajide Komolafe, Economy Editor Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun has warned against a return to subsidy regimes despite mounting global shocks, as he raised […]

MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1% 

MIDDLE EAST CRISIS: IMF cuts growth forecast for Nigeria’s economy to 4.1% 

•Cites, higher fuel, fertiliser prices, increased shipping costs By Babajide Komolafe, Economy Editor The International Monetary Fund (IMF) has lowered its growth forecast for Nigeria’s economic growth to 4.1 percent in 2026,  citing higher fuel, fertilizer prices and increased shipping costs triggered by the impact of the ongoing Middle East crisis.  The latest forecast for Nigeria […]