International Monetary Fund
Massive debt wave could crash on developing countries, World Bank warns
A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis
Peril of high cost of governance
The high cost of governance in Nigeria which has become a very disturbing phenomenon, and has been widely acknowledged by many both within and outside the corridors of power is engaging our attention again for one inescapable reason
Employers warn 2020 budget may trigger labour unrest
The Nigeria Employers' Consultative Association (NECA), has warned that the 2020 budget might instigate massive retrenchment of workers and labour unrest in the country. This projection indeed casts doubt over the ability of the budget to ensure economic growth and job creation as envisioned by the Federal Government.
Oil price outlook supporting Nigeria’s growth, says IMF
The International Monetary Fund (IMF) has said that despite its reversal of Nigeria’s growth forecast, a positive oil price outlook will support the country’s challenging economy in 2019.
Random thoughts on productivity
Chancellor Philip Hammond of the Bank of England in a speech few months back in the British House of Commons, said that the productivity question in relation to national economy is the one challenge that the G7 countries are still grappling with, but with no silver lining on the horizon. This is a rare admission…
IMF cuts growth projection, warns Nigeria, others on rising debts
International Monetary Fund (IMF), the global economic advisory body, has again cut the world’s growth forecast for this year, and warned against compounding more debts, with emphasis on developing nations to avert derailing their sustainable goals. IMF also warned nations with high debt stock to be wary of new listing, among them Nigeria, whose debt…
How government can raise N3.5tr from VAT, by FSDH
The scripting of appropriate reforms for informal sector taxation, tackling the non-remittance challenges and improving the consumption patterns of through policy developments hold the key to the realisation of N3.47 trillion in Value Added Tax (VAT) base by 2023. A research by FSDH Merchant Bank Limited noted that the nation’s large informal sector, put at…
Nigeria’s economy jostles for confidence amid headwinds
From a six per cent Gross Domestic Product (GDP) five years ago, to recession in 2016, and post-recession’s fragile recovery below two per cent till date, it’s been no respite for both the citizenry and economy.
Proposal for Nigeria’s future
As the “Winds of Change” swept across the African content in the 1960s, the world witnessed dozens of African nations declaring their independence from colonial rule. Many in Africa and around the world had hoped that Nigeria would lead the continent forward. Unfortunately, two major events occurred that derailed the promising course of Nigeria’s First…
Tax management: Look up to Nigerian hills
A report the other day that the Federal Government has resorted to requesting the International Monetary Fund (IMF) and the Group 24 (G24) countries for assistance in “identifying assets of Nigerians overseas and of International Oil Companies (IOCs) doing business in the country (Nigeria) for proper inventory for the purpose of effective taxation” is curious…