The American World Bank and the European International Monetary Fund, IMF, in the past few weeks, circled Nigeria like vultures waiting for the prey to die. The twin organisations have become more active and quite audacious since President Bola Ahmed Tinubu came to power on May 29, 2023. They are like predators, ready for the Read More…
“See you at Old Trafford soon,” quipped Harry Maguire in response to an apology from Ghanaian MP Isaac Adongo, who had previously likened Maguire’s football performance to criticisms of Ghana’s Vice-President Mahamadu Bawumia’s economic management. Adongo, in a past parliamentary debate, compared Bawumia’s handling of the economy to Maguire’s play at the heart of Manchester Read More…
The International Monetary Fund has cut its estimate for Nigeria’s real GDP growth in 2022 from 3.4% to 3%, citing low oil production and the bad effects of recent flooding. Nigeria is trying to stop oil theft and violence in its oil-producing areas, which has cut oil production and the government’s income. Additionally, the nation Read More…
Nigeria stands as the number one country in Africa in the International Monetary Fund (IMF) 2020 World Economic Outlook’s ratings of countries. Using countries’ GDPs, IMF ranked Nigeria among the first 26 countries in the world in the same position with an average 442,976 million U.S. dollars. Countries are sorted by nominal GDP estimates from Read More…
The International Monetary Fund (IMF), says economic activity in sub-Saharan Africa is projected to recover by 3.1 per cent in 2021 after declining by 3.0 per cent in 2020. Mr Abebe Selassie, the Director, IMF’s African Department said this at the launch of the “Regional Economic Outlook for Sub-Saharan Africa: A Difficult Road to Recovery’’ Read More…
