Tag: IMF
Federal Government Considers Supplementary Budget Amid Minimum Wage Talks – IMF
As discussions on a potential increase in the minimum wage for Nigerian workers continue, the Federal Government is contemplating the necessity of preparing a supplementary budget to accommodate the proposed raise. This recommendation comes from the International Monetary Fund (IMF), which recently released its staff country report for Nigeria. The IMF’s report highlights the possibility…
Femi Falana Accuses Minister of Power of Implementing IMF, World Bank Agenda with Electricity Tariff Hike
Human rights lawyer, Femi Falana, has accused the Minister of Power of acting in line with the directives of the International Monetary Fund (IMF) and the World Bank following the recent hike in electricity tariffs. In a statement issued on Monday, Falana criticized the minister’s actions, alleging that they align with the agenda of the…
Nigeria Ranks Third in 2024 IMF Growth Forecast
As the global economy gradually rebounds from the aftermath of the COVID-19 pandemic, Nigeria emerges as a frontrunner in economic growth, according to the 2024 International Monetary Fund (IMF) growth forecast. The forecast reveals that only India and China surpass Nigeria in projected economic growth rates for 2024, positioning the country as a key player…