Nigeria’s Economy Is Recovering, Needs Strengthened Domestic Revenue Mobilization – IMF – Channels Television

The International Monetary Fund says Nigeria’s economy is recovering, but persistent structural and policy challenges continue to constrain growth to levels that cannot reduce poverty and improve issues such as health and education.The report says Nigeria’s economic growth will hover around 2.5 percent over the medium term, but with no growth in per capita income if current policies fail to give way to strong reforms.

The IMF, therefore, advised the need for revenue-based consolidation, the shifting of expenditure mix toward priority areas, while welcoming ”significant increase in public investment. Meantime, the IMF commends Nigeria’s commitment to unify its exchange rate, while recommending credible time bound recapitalisation plan for weak banks, and the phase-out of the asset management corporation or AMCON.

Ipob Igbos won't like this. They prefer to be the most miserable in the world. They forbid hearing positive indices, only negative ones.

IMF kill us.

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global economy in delicate moment — IMF - Vanguard News NigeriaThe global economy is in a delicate moment, with 70 per cent of the nations expected to experience a slowdown in growth this year.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

VAT Increase: Economy Will Be More Vulnerable, Manufacturers Warn FG – Channels TelevisionThe masses are already miserable...this will add more salt to the injury... Story for d gods,who did u all voted for? That's just a tip,fuel increments is coming after ther so called 2nd term swearing in I hope he listens
Source: channelstv - 🏆 7. / 63 Read more »

VAT Increase Can Further Slow Down The Economy, Tinubu Tells FG – Channels TelevisionI concur 100%. FG should rather consider raising revenue by widening the net, increasing Personal income Tax, Capital Gains and even road taxes. VAT increase will hurt businesses directly. I smell rat. Fmr. Gov. Ahmed Bola Tinubu openly disagreeing with APC led government. He's looking for something, whether it is lost or not I don't know. Time will tell. I know some will surely read unnecessary meanings to this
Source: channelstv - 🏆 7. / 63 Read more »