Nigeria’s Economic Growth Still Fragile, Despite 4.03% GDP – CBN   A member of the Monetary Policy Committee of the Central Bank of Nigeria, Adamu Lametek, has said the Federal Government should continue to focus on the country economic growth as it remains fragile. Lametek, who is...

CBN Forex Policies May Threaten Economic Growth In 2022   The Centre for the Promotion of Private Enterprise, an economic think tank, has said the “monetary and foreign exchange policy rigidities” of the Federal Government may disrupt the economic growth of the nation in 2022. The Central...

IMF Increases Nigeria’s 2021 Growth Prospect To 2.6%   The International Monetary Fund has increased Nigeria’s growth prospect to 2.6 per cent and 2.7 per cent for 2021 and 2022, respectively, despite reducing the rate of global growth prospect due to the COVID-19 Delta variant. According to...

Economic Growth May Regress If We Don’t Borrow — Ahmed       The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said the 5.01 percent Gross Domestic Product (GDP) growth recorded in the second quarter of 2021 will regress if the federal government does not...

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...

W/Bank Upgrades Nigeria’s Economic Growth Forecast To 1.8%       The World Bank yesterday upgraded its economic growth forecast for Nigeria in 2021 to 1.8 per cent, citing higher oil prices, structural oil sector reforms, and market-based flexible exchange rate management. This represents a 0.7 percentage point increase...