IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES

IMF ATTRIBUTES NIGERIA’S SOCIAL PROTEST TO ECONOMIC DIFFICULTIES

The International Monetary Fund (IMF) has attributed the recent Nigeria’s social protest, (EndSARS) to economic difficulties, saying that conditions in Nigeria for the last four years have been very difficult in the wake of the decline in oil prices in 2015-16. “Since then, their growth has been quite anemic ” Abebe Aemro Selassie , Director, African Department, IMF said on Thursday during the October 2020 Sub-Saharan Africa Regional Economic Outlook Press Briefing, on the sidelines…

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AN AFRICAN COUNTRY BECOMES WORLD’S MOST EXPENSIVE PLACE TO FUEL A CAR

AN AFRICAN COUNTRY BECOMES WORLD’S MOST EXPENSIVE PLACE TO FUEL A CAR

Zimbabwe becomes world’s most expensive place to fuel a car. Africa is championing the list of world’s most expensive place to fuel a car courtesy of Zimbabwe. The question is how the this come to be? Back in 2017, before the stepping down of President Robert Mugabe; Zimbabweans held a mass protest over a deteriorating economy and poor standards of living. Fast forward 2019, the current administration led by President Emerson Mnagagwa is facing a…

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