Prioritize Cash Transfer Program Implementation – IMF Urges FG

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IMF to Nigerian Government: Implement cash transfer programme before addressing fuel, electricity subsidies.   The International Monetary Fund (IMF) stresses the importance of expediting the full implementation of Nigeria’s cash transfer program to support vulnerable households, advising that this should precede any reconsideration of costly fuel and electricity subsidies. The IMF underscores the necessity of … Read more

Nigeria’s Foreign Reserves Drop to Record Low, Fall to $24bn in 2024 – IMF

Nigeria’s foreign reserves drop to record low, fall to $24bn in 2024 – IMF

Nigeria’s Foreign Reserves Hit All-Time Low at $24 Billion in 2024, IMF Reports.   In its latest update, the International Monetary Fund (IMF) has highlighted Nigeria’s concerning decline in foreign reserves, plummeting to a record low of $24 billion in 2024 from $33 billion in the previous year. The IMF’s country report on Nigeria underscores … Read more