The International Monetary Fund (IMF) has asked the Nigerian government to improve domestic revenue mobilization to withstand global economic shocks. Paulo Medas, division chief, of the fiscal affairs department, IMF, said this on Wednesday in Washington at a session on…
Nigeria’s economy to grow by 3% in 2023- IMF
Nigeria’s economic growth is expected to slow down from 3.6% in 2021 to 3.2% in 2022 and 3.0% by 2023 The International Monetary Fund, in its latest economic outlook, has stated that Nigeria’s economic growth in 2022 is expected to…
CBN risking financial instability with rate hikes — IMF
The International Monetary Fund has warned that Nigeria and other emerging economies risk financial stability by continuously raising benchmark interest rates. In a new report entitled, “Interest Rate Increases Volatile Markets Signal Rising Financial Stability Risks,” the global lender noted…