President Bola Tinubu has called for an emergency meeting with Governors of the Federation, convening at the Council Chambers of the State House, Abuja. Present at the meeting are Vice President Kashim Shettima, Chief Nyesom Wike, Minister of the Federal Capital Territory (FTC), and Inspector General of Police, Kayode Egbetokun. The agenda of the meeting […]
Tag: Economic crisis
IMF Warns Of Deepening Economic Crisis In Nigeria
The International Monetary Fund has issued a stark warning about Nigeria’s economic challenges, citing stagnant per-capita growth, widespread poverty, and escalating food insecurity as key contributors to the nation’s ongoing cost-of-living crisis. In a report titled ‘IMF Executive Board Concludes Post Financing Assessment with Nigeria,’ the global financial institution highlighted Nigeria’s mounting inflation, currency instability, […]