Reform economy, cut dependence on oil, IMF tells Nigeria
…Calls for urgent policy adjustment By Emma Ujah & Babajide Komolafe The International Monetary Fund, IMF, has called on the federal government to reform the nation’s economy and cut dependence on oil. The IMF, in a statement on the outcome of its 2020 Article IV Staff Consultation to Nigeria, stated: “Nigeria’s economy has been hit […]
COVID-19 hits states’ IGR as IMF allays fears
…Reverses GDP projection on Nigeria from -5.4% contraction to -3.4% …As states record 26.5 per cent decline in revenue By Nkiruka Nnorom Amid a flood of government spending, the global economic downturn sparked by the coronavirus pandemic will not be as bad as originally feared, IMF chief Kristalina Georgieva, said yesterday but warned that the […]
Strike Suspension: Labour gave Nigerians death pill, sold out to IMF, World Bank — CSOs
Organised Labour agreeing to suspend strike has been described as death pill for Nigerians and a betrayal of the masses to IMF and World Bank.
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[ICYMI]Fuel, Electricity: Nigeria’ll incur wrath of IMF, World Bank if we revert to old prices — FG
The Federal Government shocked Organised Labour, last Thursday, by claiming the country will incur the wrath of International Monetary Fund, IMF, the World Bank and other international lending institutions Nigeria is indebted to, should electricity tariff and petrol pump price be reversed to the old rates.
IMF to disburse 1bn dollars to Angola to address COVID-19 crisis
The International Monetary Fund (IMF) on Wednesday said it would disburse 1 billion dollars to Angola to address the impact of the coronavirus pandemic. The IMF executive board made the decision after completing a third review of Angola’s three-year economic programme under its Extended Fund Facility approved at the end of 2018, bringing the total […]
IMF approves release of $1 bn for Angola amid COVID-19 downturn
The IMF on Wednesday approved the release of another $1 billion in lending for Angola as its economy struggles with the Covid-19 downturn and global drop in crude prices. The Washington-based crisis lender also increased by $765 million the size of the three-year aid program for the southern African nation to help it deal with […]
