News Update THE International Monetary Fund (IMF) has urged Nigeria and other African countries to raise tax revenue by expanding the tax base and curtailing tax evasion. Briefing the press at the…
Tag: IMF
Families hurting from high prices, says IMF
Families are hurting from high prices, the Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, said yesterday, at the ongoing Annual Meetings of the IMF/World Bank in Washington DC….
Nigeria’s inflation rate drops 14% by 2029— IMF predicts
Nigeria’s inflation rate is predicted to stabilize at 14 per cent in 2029, indicating a potential end to the current upward trend according to the latest data from the International Monetary Fund….
IMF: FG may need supplementary budget to pay minimum wage
The Federal Government may need to raise a supplementary budget to accommodate the proposed minimum wage increase for workers. This is because the negotiated amount may surpass the budgeted amount in…
IMF to FG: Stop electricity subsidy
The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria…
JUST IN: IMF cautions FG against CBN Act amendment
The International Monetary Fund (IMF) has cautioned the Federal Government against the proposed amendment of the Act establishing the Central Bank of Nigeria (CBN), calling rather for the strengthening of the apex…
Nigeria’s inflation rate will drop to 23% by 2025 -IMF predicts
In a recent release of its Global Economic Outlook at the International Monetary Fund/World Bank Spring Meetings in Washington D.C., on Tuesday, the IMF provided projections for Nigeria’s economy, indicating a significant…
Nigeria must battle food insecurity as priority, Says IMF
The International Monetary Fund, IMF, yesterday asked the Federal Government to pay immediate attention to food insecurity in the country. The IMF’s position came on a day governors said Nigeria must…
Nigeria will spend N2.3trn to sustain fuel, electricity subsidy — IMF reports
The International Monetary Fund (IMF) has warned that continuation of fuel and electricity subsidy will cost Nigeria N2.33 trillion or three per cent of its Gross Domestic Product, GDP in 2024. …
IMF Adjusts Global Growth Forecast, Nigeria Faces Downturn to 3.0%
The International Monetary Fund has downgraded Nigeria’s economic growth projections for 2024 to 3.0 per cent from 3.1 per cent in its October forecast. This was disclosed in its ‘World Economic…