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...
Again, FG Seeks $400m W'Bank Loan to Fund 15m Households
The Federal Government has applied for a fresh loan of $400m for the conditional cash transfer to 15 million households as one of the measures to cushion the effects of the removal of petrol subsidy.
The...
FG Targets More Tax Revenue as Global Rates Rise
The Federal Government has said it will focus more on domestic resources mobilisation with a focus on a more efficient collection of taxes, fees and payments that are due to the government.
The Minister of Finance and...
'Swap Africa Debt with climate change pains from USA, India, UK and China'
A Senator from Nigeria, Jimoh Ibrahim at the Global Parliamentary forum of the World Bank/IMF has suggested to the World Bank that African debt, particularly Nigeria, be swapped for the pains of...
Nigeria Borrowed $1.21bn as 28 States Failed to Attract Foreign Investments
Nigeria relied on foreign borrowing ($1.21bn) to boost its capital importation in the first six months of 2023.
This is as 28 states failed to attract any foreign investments in the time under review, according...
W’Bank Cautions CBN Against FX Control, Direct Lending
The World Bank on Wednesday advised the Central Banks of Nigeria, Ethiopia, and Uganda to refrain from unconventional measures that might undermine their monetary policies.
According to the Washington Bank, these measures include “monetizing the fiscal deficit, direct...
