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IMF
IMF have said that a one percentage point decline in China’s growth rate may lessen average growth in Nigeria by about 0.5 percentage points within a year.
Nigeria's rising debt and poor fiscal management have led to increased poverty, says Olufemi Aduwo, Chairman of CSO-African Countries Group of World Bank.
South Africa will briefly surpass Nigeria as Africa’s largest economy in 2024 according to reports from the IMF in its World Economic Outlook.
The International Monetary Fund (IMF) has said that 158 million people are food insecure in Africa. It stated this in its October 2023 special issue report on Africa.
The International Monetary Fund (IMF) has said that the economic slowdown in China will impact African oil exporters the most.
Ibrahima Sory Sylla has criticized the World Bank and IMF for restrictive lending practices to African nations.
Mr. Abebe Aemro Selassie has said that Nigeria and other African countries ensure their economies are attractive to reduce the mass exodus of Africans to other parts of the world.
IMF has said Nigeria’s N87.3 trillion ($113.4 billion) total public debt position is manageable and does not pose any urgent risks to the economy.
The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says that the economic policy proposals of President Bola Tinubu’s administration can achieve a Gross Domestic Product (GDP) of $1 trillion in 8 years.
IMF has called on governments around the world to take more meaningful steps to rein in public spending and raise revenues or risk hindering central banks’ efforts to tame inflation.
IMF has slashed the economic growth prospects of Sub-Saharan Africa in its latest World Economic Outlook report.
IMF} has said that inflation is set to remain high despite expectations of weaker global growth of 2.9% next year.