Increasing inflation, debts and forex crisis are pushing Nigerian and other African economies to the brink, the International Monetary Fund has warned.She warned that a global recession next year could not be ruled out, given the elevated risks.However, Georgieva in a report released on Wednesday, said the ministers of finance and central bank governors on the African continent told her of the impending crisis.
She also said most countries on the continent could raise money from the global financial markets, especially those that do not have large domestic markets to turn to. She said, “The particularly difficult condition in many African countries at this moment is important to consider. In my meeting with Ministers of Finance and Central Bank Governors from the continent this week, many highlighted how the effects of this, entirely exogenous, shock was pushing their economies to the brink.“The effect of higher food prices is being felt acutely as food accounts for a higher share of income.
And you guys will still borrow them another money
'At least Nigerians are not eating from dustbin yet' ! Remember ' Prophet ' Dikko, of blessed memory. But now, Nigerians are now eating from dustbins. How time changes. How time flies !
They will never stop predicting doom that never happens.Nigeria economy is stable as ever ,they should be concern about Ukraine ,Ghana ,sri Lanka
To early to complain of debts because APC will collect three more loans before winding up.
IMF unu no well oo..
2023 will be messy for our economy.... God please help us make the right decision.
We no day brink at all oo, we don fall off the edge kwanu Wetin happen for naija, I know say nah your joy because America or other white countries no day borrow from you nah
Greed is what is pushing Nigeria abeg, do u know how much each politician has stolen, check out our election.
Shark loans
IMF is an evil organization. They are responsible for the financial mess Nigeria is currently in.
We are already at the edge of the Cliff now. Na just to fall finish
Meche onu Biko. Once they come to you for the same loan you would give them and only servicing debts won't let African countries pay their loans By the end of debt servicing with our Resources, you have gotten thrice the amount you borrow.
This people still supporting PDP and APC una dey read at all So sad
Nigeria my country
They forgot to add 'intense corruption' maybe it was omitted on purpose
Pushing or it has pushed Nigeria to the brink already?
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