Day: July 18, 2024

IMF Downgrades Nigeria’s Economic Growth Forecast To 3.1%

ADEOLA YUSUF

The International Monetary Fund (IMF) has cut its forecast for Nigeria’s economic growth in 2024 to 3.1 per cent. The downgrade is contained in a newly released report ‘in the July 2024 World Economic Outlook’ published Tuesday. The IMF cited a weaker growth recorded in the first quarter of the year, Q1’24 as reason for the new forecast. The downgrade represents 0.2 percentage points below the earlier forecast of 3.3 per cent. The downgrade followed weaker-than-expected Gross Domestic Product, GDP, and growth recorded by the country in Q1’23. The IMF…

Read More

Tinubu names Walson-Jack new Head of Service

ADEOLA YUSUF

President Bola Tinubu on Wednesday approved the appointment of Mrs. Didi Walson-Jack as Head of the Civil Service of the Federation, with effect from August 14, 2024. Walson-Jack’s appointment was announced in a statement by Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu appoints new head of civil service of the federation.’ She succeeds Dr. Folashade Yemi-Esan, who retires from service on August 13, 2024. READ ALSO: Senate Removes Ndume As Chief Whip Binance Chief: Court Orders Arrest Of Kuje Prison Doctor Team Lead Platforms Africa,…

Read More