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IMF: Nigeria’s economy remains vulnerable despite exit from recession

Ihesiulo Grace 8 March 2018 0

• Says economic growth will pick up to 2.1 % in 2018 • Warns that debt services to revenue ratio remains high The International Monetary Fund (IMF) has said that the Nigerian economy has exited from recession but remains vulnerable. Economic growth reached 0.8 percent in 2017, driven mainly by

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IMF cautions against adverse implications of trade tension

Ihesiulo Grace 7 March 2018 0

Christine Lagarde, the managing director of the International Monetary Fund, has warned against adverse implications likely to stem from the economic impact of U.S. import tariffs, saying ‘no one emerges victorious from a trade war’. She warned that the impact could be grave if other countries respond with their own barriers. Earlier, Donald Trump reiterated

Economy News

“It is not everything the international community says that works” – Ogbeh

Ihesiulo Grace 1 October 2017 0

Agriculture and Rural Development minister, Audu Ogbeh, has advised policymakers to be mindful of importing international policies and ideas in the country. Ogbeh gave the advice while speaking on the 57th Independence Anniversary of the country in an interview with the News Agency of Nigeria (NAN) on Sunday in Abuja. The minister said the country’s […]

Business News

‘Nigeria must address recession without IMF, World Bank’

Ihesiulo Grace 19 December 2016 0

The Federal Government of Nigeria (FGN) must look for a way of tackling the current recession experienced by the country without following International Monetary Fund (IMF) and World Bank formula. The Principal Consultant of B. Adedipe Associates Limited, Dr. Biodun Adedipe, stated this at the 2016 Nigeria Deposit Insurance Corporation (NDIC) workshop for Business Editors

Business

IMF Advises Nigeria, Others to Make Fiscal Policy Adjustments

Ihesiulo Grace 5 May 2015 0

Nigeria and other oil exporting countries in the Sub-Saharan region have been advised by the International Monetary Fund (IMF) to make fiscal policy adjustments in the light of crashed oil prices. Unveiling the April 2015 IMF Regional Economic Outlook: Sub-Saharan Africa, Ms. Antoinette Sayed, Director, IMF African Department commented: “Sub-Saharan Africa’s economy is set

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Chad to Receive $1.1bn Debt Relief – Finance Minister

Ihesiulo Grace 30 April 2015 0

Chad will receive $1.1bn in debt relief after completion of the Highly Indebted Poor Countries (HIPC) initiative of the World Bank and International Monetary Fund (IMF), its finance minister said on Tuesday.   Kordje Bedoumra said in an interview that the oil-producing central African nation – one of the poorest countries on earth – had […]