IMF: 93% of FG's Revenue In 2022 Will Be Spent On Interest The International Monetary Fund projected that Nigeria might pay 93 percent of its revenue to repay its debts by 2022. The Fund also predicted that by 2026, 139 per cent of the nation's income...

IMF advice criticized by Nigerian Labor A recent IMF advice to the Federal Government was criticized by the Nigerian Labour Congress (NLC) and the Trade Union Congress (TUC). In an issue paper titled 'Nigeria: Selected Issues Paper Report', the IMF urged the Federal Government to eliminate...

IMF To Nigeria: End fuel subsidies, Ignore Protests With controversy swirling around Nigeria's fuel subsidies, the International Monetary Fund (IMF) asserts that removing fuel subsidies will be the only solution to the country's economic recovery. The Executive Directors of the World Economic Outlook report recommended that...

The International Monetary Fund (IMF), projected that by 2022 Nigeria would spend almost 92 kobo of every Naira it earned on servicing its growing debt. This implies that only 8kobo of every Naira earned will be used for development. According to the IMF's Article IV...

IMF Attributes Nigeria’s Economic Recovery To Govt Policy   International Monetary Fund said that the Nigerian economy was recovering from a historic downturn benefitting from government policy support, rising oil prices and international financial assistance. IMF disclosed this in a statement issued from its headquarters in Washington...

Remove Official Exchange Rate, Fuel Subsidy, IMF Urges FG   Two weeks after the Federal Government suspended the removal of petrol subsidy, the International Monetary Fund has again urged the Nigerian government to stop subsidising fuel. The Washington-based lender also asked the Federal Government to remove the...