By Jemimah Wellington, JKNewsMedia Reporter THE INDEPENDENT Media and Policy Initiative (IMPI) has criticised the International Monetary Fund (IMF) for trimming Nigeria’s projected economic growth in 2025 from 3.2 percent to 3.0 percent, arguing the assessment overlooks the country’s broader economic evolution beyond oil. In a policy statemen...
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has revised its forecast for Nigeria’s economic growth in 2024, lowering it to 3.1 percent. The reduction follows weaker-than-expected growth in the first quarter of the year. In its July 2024 World Economic Outlook (WEO), released on Tuesday, the IMF attribut...
By Joke Kujenya NIGERIA’S ECONOMIC performance in 2024 shows significant improvement, as the International Monetary Fund (IMF) reports a current account surplus of $1.432 billion. This figure, detailed in the IMF’s ‘World Economic Outlook Database,’ surpasses the $1.21 billion surplus recorded in 2023, marking a positive trend in the nation...
By Bolanle BOLAWOLE ONCE IN awhile I visit the newsstand to feel the pulse of the people. The People’sParliament is what some call it.  When I gotthere last Thursday, I met them discussing the Ebora Owu.  “Don’t mindBaba. Age is telling on him. We tried the parliamentary system; we tried themilitary; we tried […]
By Jemimah Wellington, JKNMedia Reporter THE INTERNATIONAL Monetary Fund (IMF) has issued a pressing advisory to the Nigerian government, stressing the immediate necessity to eliminate what it terms ‘implicit’ subsidies on electricity and fuel. These subsidies, projected to consume three per cent of the nation’s Gross Domesti...
By Joke Kujenya IN A recent press briefing held in Washington DC, the International Monetary Fund (IMF) revealed optimistic projections for Sub-Saharan Africa’s economic growth. According to Abebe Selassie, Director of IMF’s African Department, the region’s economy is poised to expand from 3.4% in 2023 to 3.8% in 2024, with expectations of fur...
