US EditionNigeria: IMF Appoints Tony Elumelu to Advisory Council On Entrepreneurship and Growth
- The IMF appointed Nigerian entrepreneur Tony Elumelu to its newly established Advisory Council on Entrepreneurship and Growth, convened by Managing Director Kristalina Georgieva, as disclosed in an official statement on Friday.
- This appointment occurs amid increased IMF engagement with African economies facing challenges like high inflation, weakening currencies, and debt sustainability, and aims to leverage Elumelu's expertise in promoting entrepreneurship for economic transformation.
- The council, comprising global leaders from business, policy, and academia, will advise on macroeconomic and financial policies to foster innovation, entrepreneurship, and productivity, identifying and addressing regulatory barriers.
- Kristalina Georgieva stated on March 26, 2025, at the Council's inaugural meeting that macroeconomic and financial policies can provide a supportive environment for innovation, entrepreneurship, and productivity, which are key ingredients for a thriving private sector and strong economic growth.
- Recognizing the difficult situation many Nigerians face, the IMF, according to Communications Department Director Julie Kozack, is planning a trip to Nigeria in preparation for the 2025 Article IV Consultation and urges the government to prioritize cash transfers to vulnerable households to alleviate hardship.
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Many Nigerians face extremely difficult situation
The International Monetary Fund, IMF, has stated that many Nigerians are going through difficult situations, urging the government to attend to their plight. The global financial institution wants cash transfers to be prioritized, acknowledging that such a measure would alleviate the hardship individuals and families face. IMF Communications Department Director Julie Kozack spoke at a press briefing that discussed the latest developments re…
IMF appoints Tony Elumelu to global advisory council
Mr Elumelu, Founder and Group Chairman of Heirs Holdings and Chairman of Transcorp Group and United Bank for Africa (UBA), is widely recognised for his advocacy of entrepreneurship as a tool for economic transformation in Africa. The post IMF appoints Tony Elumelu to global advisory council appeared first on Premium Times Nigeria.
Nigeria: IMF Appoints Tony Elumelu to Advisory Council On Entrepreneurship and Growth
International Monetary Fund (IMF) has appointed Heirs Holdings Founder and Group Chair, Tony Elumelu, to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva.
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