Tag: IMF

ASUU Accuses World Bank, IMF of Undermining Nigeria’s University System

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ASUU Accuses World Bank, IMF of Undermining Nigeria’s University System

The Academic Staff Union of Universities, ASUU, has accused the World Bank and International Monetary Fund, IMF, of undermining Nigeria’s public education. ASUU President, Prof. Emmanuel Osodeke, stated this during the union’s Heroes Day 2024-2025 ceremony in Abuja. Osodeke expressed frustration over the prolonged delay in renegotiating its 2009 agreement with the federal government despite…

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Activists and Activism

IMF Predicts Further 35% Drop In Value Of Naira This Year

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IMF Predicts Further 35% Drop In Value Of Naira This Year

The International Monetary Fund (IMF) has warned that the exchange rate of the Naira may further depreciate by about 35 percent this year, adding that this could lead to inflation rate peaking at 44 per cent before the monetary policy tightening could bring the situation under control. IMF disclosed this in its February 2024 Post–Financing…

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Finance and Economy

IMF Expresses Concern Over Nigeria’s Economic Crisis

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IMF Expresses Concern Over Nigeria’s Economic Crisis

Amid Nigeria’s ongoing economic challenges, the International Monetary Fund has expressed concern that the stagnant per-capita growth, widespread poverty, and severe food insecurity have further intensified the persistent cost-of-living crisis in Nigeria. The international financial institution communicated this information in a recently published report titled ‘Review of Nigeria’s Post Financing Assessment by the IMF Executive…

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Finance and Economy