IMF Chief, Amine Mati has described the state of roads and facilities used during customs operations in Lagos ports as poor and inefficient.
The IMF released its Global Economic Outlook where the fund announced it expects global growth to slow in 2020 to 2.9% (World Bank – 2.5%).
The Chief Executive Officer of Guaranty Trust Bank, Segun Agbaje, has called for the removal of fuel and electricity subsidies.
The LCCI has projected that consumer demand and private sector investment would continue to remain weak in 2020.
The Nigerian economy is expected to be challenged with uncertainties in the year 2020 and possibly beyond, SB Morgen Research disclosed.
Global debt hit $188 trillion, adding $3 trillion in 2018 as Nigeria, China and other countries increased borrowing. #IMF #DEBT
Nigeria continues to perform worse off when compared to other economies of the world that are dependent on other export commodities/sectors.
The IMF has warned that though Nigeria’s debt to gross domestic product ratio has increased to 28%, it remains low.
In many parts of the world, including Nigeria, women often face the barriers of discrimination and persistent gender inequalities.
The IMF has disclosed that 40% of African countries are in a position where they can’t afford to pay back their debts.