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BUSINESS

Nigeria not generating enough revenue to support devt – IMF

Nigeria is not earning enough revenue to support its developmental needs, the International Monetary Fund has disclosed. According to the IMF, the country’s nine per cent revenue to Gross Domestic Product ratio is very low and not enough to support the country’s social safety nets, development spending, and protect its vulnerable households. The Director of the IMF’s Communications Department, Julie Kozak, revealed this during a press briefing on Thirsday. Responding […]

todayDecember 11, 2023 70

NEWS

Spain seeks partnership with Nigeria on maritime security

The Spanish Navy has reiterated its commitment to partner with the Nigerian Navy to tackle maritime insecurity in the Gulf of Guinea. The Spanish Ambassador to Nigeria, Juan Jell, said this on Monday night in Apapa, Lagos, during the reception on board its warship, Bam Tornado. Jell explained that the exercise was part of Spain’s three-month deployment of ships within the Gulf of Guinea. “This ship is in Lagos as […]

todayNovember 9, 2023 101

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