The International Monetary Fund (IMF) has advised the Nigerian government on the need to reduce its tax exemptions and incentives list for companies as a strategic option of boosting non-oil tax collections. In addition, the Fund also tasked government on tax reforms, including raising excise taxes and expanding its scope to cover more goods The […]
The International Monetary Fund (IMF) on Thursday stated Nigeria’s slow economic growth was not strong enough to lift millions of Nigerians from poverty, despite 137 percent points growth in real Gross Domestic Product (GDP) from 0.8 percent in 2017 to 1.9 percent last year. The IMF, recognising Nigeria’s growth “on the back of improvements in […]
The IMF has expressed its concern over the rising global debt stock which it noted had surged 60 percent and reaching well above the time of 2008 depression. The Breton Woods institution therefore warns that another global financial crisis looms as the impact of the huge debt burden continues to hurt national economies globally. Specifically, […]
The International Monetary Fund (IMF) on Wednesday reported that women remained grossly underrepresented at all levels of the global financial system, from depositors and borrowers to bank board members and regulators. According to the organisation’s new study, greater inclusion of women as users, providers, and regulators of financial services would have benefits beyond addressing gender […]
The Managing Director, International Monetary Fund, Christine Lagarde, on Thursday expressed concern that the high debt levels that low-income countries have built up through non-traditional sources could complicate any debt restructuring. Lagarde, who gave this charge at a sovereign debt restructuring conference at the IMF’s headquarters in Washington, DC, therefore canvassed the need for bilateral […]
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, has dispelled insinuations that African debt crisis portends risk to the global economic system, particularly the continents creditors and donors. The former Nigerian Minister of Agriculture and Rural Development disabused the international community’s concern over the disputable debt situation in African countries during an […]