Following the convening of the special general council meeting, Okonjo-Iweala is expected to be formally appointed DG of the WTO.
The report highlights that the combined monetary and fiscal stimulus amounts to just 4% of GDP.
IMF is concerned that crude oil is still accounting for about 90% of Nigeria’s export earnings as it did in the 1970s.
The IMF has advised Nigeria on how it can raise more revenues to ensure a more sustainable fiscal position.
Nigeria is set to rebase its GDP in the later part of 2021, the Statistician-General of the Federation has revealed.
The Minister said that FG is working on the second phase of the SRGI as well as a targeted revenue to GDP of 15% by 2023.
The FG plans to convert N10 trillion Ways and Means loans owed to the CBN into a 30 year loan.
26 states of the Nigerian federation failed to attract investments in the whole of 2020.
Standard Chartered Bank, Stanbic IBTC, Citibank and Rand Merchant Bank collectively received 73% of capital inflow in 2020.
The sum of N604 billion was disbursed by the FAAC to the three tiers of government in November 2020.