Nigeria Breaking News
Kristalina Georgieva, the managing director of the International Monetary Fund (IMF), says African governments must remove trade barriers to increase the continent’s per capita income. Georgieva said “international cooperation is weakening at a time the world needs it most, adding that the bridges that connect countries are corroding as trade and investment barriers rise. The …
The International Monetary Fund’s recent proposal to the Nigerian government, suggesting tax hikes as a means to finance the national budget and pay off public debts, has sent shockwaves through the Nigerian business community and consumer groups. In response, a formidable alliance of businesses and entrepreneurs in Nigeria is pushing back, recognizing the threat the …
The International Monetary Fund (IMF)has clarified that it was not responsible for Nigeria’s recent decision to remove fuel subsidies, a move that has sparked criticism due to the resulting inflation and economic hardship for many Nigerians. The decision, according to the IMF, was made independently by the Nigerian government. Speaking during a press conference at …