IMF Retains 2.5% Economic Growth Estimate For Nigeria
The International Monetary Fund (IMF) has retained Nigeria’s 2.5 percent economic growth forecast for 2021.
The institution said this in its World Economic Outlook (WEO) for July titled “Fault Lines Widen in the Global Recovery” released on Tuesday...
Pension Fund Assets Hit N12.66trn
The nation’s pension fund assets rose significantly to N12.66 trillion as at the end of June, 2021.
As at the end of March, 2021, the assets had stood at N12.34trillion, hence, increasing by N320 billion between April and June, 2021.
Speaking at...
Nigeria’s Revenue-to-GDP Ratio Lowest, Private Sector Choking – W/Bank
Nigeria’s revenue-to-Gross Domestic Product ratio, which fell to between five and six per cent last year, is the lowest in the world, the World Bank said on Monday.
The Country Director for Nigeria, World Bank, Dr Shubham...
Audited Accounts: Reps Want NSITF, NIMASA Officials Prosecuted By EFCC
The Committee on Public Accounts of the House of Representatives has recommended that former and serving management staff of several Ministries, Departments and Agencies of the Federal Government be prosecuted by the Economic and Financial...
‘Weak Revenue Mobilisation Hindering Debt Servicing’
Despite concerns about Nigeria’s rising debt profile, the Convener of Borrow Right Africa, Taiwo Akerele has stated that the key issue with the country is revenue mobilisation, which is affecting the capacity to service debts.
He argued that Nigeria’s debt...
We're Targeting 10,000MW Of Electricity From $3bn Interventions - FG
The Federal Government, yesterday in Abuja, said 10 Gigawatts (10,000MW) of electricity is feasible from an investment of $3 billion being made in the power sector.
The prevailing situation of the nation’s power sector has rendered...
