'Nigeria’s Debt Now N87.91trn'   Nigeria’s total public debt rose marginally by 0.61 per cent quarter-on-quarter to N87.91trn in the third quarter of 2023. This is according to new debt stock data from the Debt Management Office (DMO) released on Wednesday. According to the data released, total external...

'Nigeria Not Generating Enough Revenue to Support Devt'   Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund (IMF) has disclosed. According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not...

IMF Prescriptions: A Cautionary Note To President Tinubu, by Muhammad Sagagi   The point being made that the IMF and the World Bank lend ‘critical support’ to countries around the globe is well noted. However, the real issues go beyond ‘lending support’ to countries. More pertinent...

'Naira Under Pressure, Nigeria May Seek Dollar Loan'   The International Monetary Fund (IMF) has said the naira is currently under pressure and Nigeria is free to seek loan from the Fund to stabilise the currency if it considers a good option. The Washington-based lender however noted...

Inflation: IMF Tasks FG to Protect Citizens from Crisis The International Monetary Fund has commended the Nigerian government for removing the fuel subsidy but noted that efforts must be made to protect poor citizens from the high cost of living crisis. Specifically, the Washington-based lender said...

IMF Says Inflation Will Slow Nigeria’s Economic Growth to 2.9%   Inflation will slow Nigeria’s economic growth to 2.9 per cent in 2023, the International Monetary Fund (IMF) has predicted. It also downgraded the country’s economic growth prospect by 0.3 percentage points to 2.9 per cent for...