Nigeria, Others Need $484bn For Economic Recovery – AfDB President
The President, African Development Bank, Dr Akinwumi Adesina, says Africa needs $484bn over the next three years to tackle the socioeconomic impact of the COVID-19 pandemic and boost economic recovery.
Adesina said this on Saturday at...
'Nigeria To End 2022 With N12.6trn Deficit'
The Group Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu has projected that Nigeria may end 2022 with N12.6trillion deficit
He noted that with narrow expectation of revenue generation, the federal government’s projection of increasing revue in 2022...
'Nigeria Now Depends On IMF, W/Bank Loans To Pay Workers’ Salaries'
A Professor of Virology and member of the World Health Organisation’s Technical Advisory Group on COVID-19 Vaccine Composition, Oyewale Tomori, has lamented the refusal of successive administrations in Nigeria to invest in science and...
Nigeria’s 8% Tax-to-GDP Ratio Lowest Globally – Osinbajo
The Vice President, Prof. Yemi Osinbajo, on Tuesday, declared that Nigeria’s eight per cent tax-to-GDP ratio was among the lowest globally and that efforts were on to increase this figure.
He also stated that the Federal Inland Revenue...
Oil Revenue Plunges As Nigeria Misses OPEC Output Target
Nigeria missed its crude oil output target for January 2022, pumping 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries.
Officials of the Federal Ministry...
IMF Raises Nigeria’s 2023 Economic Growth Forecast To 2.7%
The International Monetary Fund, IMF, has raised its forecast for Nigeria’s Gross Domestic Product, GDP, growth in 2023 to 2.7 per cent.
The new forecast was contained in the IMF’s January World Economic Outlook, WEO, report released...
