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International Monetary Fund (IMF) has denied playing any role in the removal of fuel subsidy in Nigeria by the government of President Bola Tinubu. This development was made known at a press conference during the IMF and World Bank Annual Meetings in Washington DC, United States. According to the IMF’s African Region Director, Abebe Selassie, […]
Continue ReadingA colleague yesterday shared a 1992 campaign video of Chief M.K.O. Abiola promising to demystify governance in Nigeria and stop “people’s heads” from being “shaved in their absence.” A professor friend (political scientist) commented that “that’s partly why he never became president.” Becoming president or king comes with a price. When ‘The Price of Kings’, […]
Continue ReadingChairman of the Board of Trustees (BOT) of the Centre for Transparency Advocacy, Dr Chima Amadi yesterday said economic remedies from the International Monetary Fund (IMF) and the World Bank cannot revive the Nigerian economy. He also said the policies of the two international financial institutions may not be able to raise 200 million Nigerians […]
Continue ReadingInternational Monetary Fund (IMF) has said Nigeria could lose an estimated $10bn of foreign direct investment and official development assistance inflows to geo-political tensions. The IMF in its country focus on Sub-Saharan Africa, released on Monday, said the figure is about a half per cent of the nation’s annual Gross Domestic Product. IMF said: “The […]
Continue ReadingInternational Monetary Fund (IMF) has projected that the Federal Government of Nigeria may spend 93 per cent of the country’s revenue on the payment of interests incurred on its debts by 2022. In a projection provided in the IMF’s ‘Nigeria Staff Report for the 2021 Article IV Consultation’ report, the Fund also projected that 139 […]
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