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Tag Archives: IMF

Nigeria may benefit from multi-million dollar Africa initiatives

Under the G-20 Compact with Africa scheme, IMF Managing Director, Christine Lagarde and Germany’s Minister of Finance, Wolfgang Schäuble, at the weekend in Washington DC, signed a €15 million pact in support of capacity development activities across Africa. • IMF, Germany, IFC dangle over $2.4 billion investmentsNigeria is in line to benefit from series of multilateral initiatives brokered by the …

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Adeosun: Affordable housing is critical to delivering on Nigeria’s economic plan

Advertisement Kemi Adeosun, minister of finance, says the executive has requested for N100 billion as seed funding for affordbale housing in the country for the year 2017 alone. Speaking at the International Monetary Fund meetings in Washington on Saturday, Adeosun said “delivering affordable housing is critical to the delivery” of Nigeria’s reform agenda. Nigeria has an estimated housing deficit of 17 million …

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Adeosun: Our next level is how to affect the man on the street

Advertisement Kemi Adeosun, minister of finance, says the next level in her work and that of her ministry is on how to sustain growth and ensure the man on the street is affected positively.  Speaking to journalists on the sidelines of the World Bank/IMF meetings in Washington, the minister said she met rating agencies, who also confirm a general consensus …

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CBN rejects IMF’s call on Nigeria to float local currency

Related News The Central Bank of Nigeria (CBN) on Friday rejected calls by the International Monetary Fund (IMF) on Nigeria to float the Naira. CBN’s Acting Director, Corporate Communications, Isaac Okorafor, who said this on the sideline of the ongoing IMF/ World Bank Spring Meetings in Washington DC, noted that the Nigerian government has no intention of ‘killing’ Nigerians through …

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Why CBN will not freely float Naira

Naira …Warns Banks, Employees Over Forex IllegalitiesThe persistent pressure on the Central Bank of Nigeria (CBN) to float the Naira may have lost steam as the experience of Egypt, which recently adopted the policy, has presented a poor result. The policy choice mid wifed by the International Monetary Fund (IMF) has led to a spiraling inflation, leaving the country’s purchasing …

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Adeosun assures G24 on transparent implementation of budget

Nigeria’s finance minister Kemi Adeosun PHOTO: NAN The federal government yesterday assured the global community of its commitment to the ongoing reforms aimed at redeeming the country’s economy through transparency, accountability and faithful implementation of budgets. Head of the Nigerian delegation and Minister of Finance, Mrs. Kemi Adeosun told the Group of 24 (G24) Economies’ meeting in Washington DC that …

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Adeosun advises Nigerians on non-oil revenues to drive development

Kemi Adeosun The Minister of Finance, Mrs Kemi Adeosun, has advised Nigerians to focus on non-oil revenue growth, tax compliance and budget transparency to drive economic development‎ in the country. The minister gave the advice on Friday during a Finance Ministers’ meeting convened by the G24 Group at the ongoing IMF/World Bank Spring meetings in Washington DC. She discussed strategies …

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Again, Nigeria seeks global support against illicit capital flows

By Chijioke Nelson, Washington DC   |   20 April 2017   |   4:34 am   Minister of Finance, Mrs Kemi Adeosun • World Bank foresees rebound of economy, IMF okays recovery programme Nigeria again urged developed countries to stop providing safe havens for corrupt individuals and their illegal funds. The recovery of stolen funds from Nigeria was re-echoed …

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66% of Nigeria’s tax revenues goes to debt servicing, says IMF

Advertisement The International Monetary Fund (IMF) says 66 percent of Nigeria’s tax revenues is spent on servicing debts, calling on the country to raise taxes. Speaking at the IMF Fiscal Monitor briefing in Washington on Wednesday, Vitor Gaspar, director of the fund’s Fiscal Affairs department, said he is happy the Nigerian government now sees taxation as a path to development. …

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Nigeria needs urgent reform for stable economy, says IMF

Pedestrians walk past the International Monetary Fund headquarters’ complex in Washington (AP Photo/Cliff Owen) The International Monetary Fund (IMF) is expected to warn Nigeria its economy needs urgent reform, according to a report seen by Reuters that could delay talks over $1.4 billion in international loans. The Washington-based fund will urge Nigeria, a major oil producer, to introduce immediate changes …

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