US EditionNigeria: IMF Urges Nigeria to Prioritise Growth, Revenue Reforms
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11 Articles
Nigeria: IMF Urges Nigeria to Prioritise Growth, Revenue Reforms
The International Monetary Fund (IMF) has called on Nigeria to deepen its economic reforms with a strong focus on achieving sustained growth and boosting domestic revenue, warning that without these measures, poverty and food insecurity will remain entrenched.
Full story A recent spat between Bayo Onanuga, the presidential spokesman, and Akinwumi Adesina, the president of the African Development Bank (AfDB), has drawn public attention to the issue of Nigeria's economic history and the interpretation of figures that describe the country's gross domestic product per capita.
Presidency slams IMF, says report on inflation, poverty can instigate people against govt.
The Presidency has criticized the International Monetary Fund (IMF) for what it called its “very harsh assessment” of Nigeria’s economic reforms, inflation, and poverty levels. This comes after the IMF’s recent report, “How Nigeria Can Unleash Its Economic Potential,” expressed concerns about the nation’s persistently high inflation rate and the slow impact of its economic reforms. The report read: “Upon taking office in 2023, the new government…
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