FG Denies ₦8tn Off-Budget Spending Claim, Says IMF Comments Misrepresented

 

Taiwo Oyedele
(Minister of Finance and Coordinating Minister of the Economy)

U.S. tightening policies, de-risking put Nigeria’s economy on red alert

 

• Policymakers of countries with high inflation, debts to brace up

• Debt refinancing, servicing cost may rise to unsustainable level, IMF, World Bank warn

• FG to fund 2022 budget N6.4 trillion deficit at higher cost 

• Direct investments won’t respond to interest hike, says Teriba   

• Nigeria’s market to expect higher interest, sources suggest