At the release of the prophecies on Friday, 20th of December, 2024 at his Lagos church, Primate Ayodele revealed how these organizations would fare in the new year 2025.
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President Tinubu said this on Wednesday during a meeting with the Managing Director of the IMF, Kristalina Georgieva, in Brazil.
Dr. Christian Ebeke, the Resident Representative of IMF in Nigeria, gave the basis for the projection on Tuesday in Lagos state.
This was contained in the report of the Staff Article IV Consultations issued by the IMF Country Office in Abuja.
The advice to the President Bola Tinubu-led administration was contained in the IMF’s Post Financing Assessment report.
SERAP made the demand in a letter dated February 3, 2024 signed by its Deputy Director, Kolawole Oluwadare.
Ayodele gave the advice in a statement by his media aide, Osho Oluwatosin.
The IMF disclosed this in its review.
The World Bank, in June, said by removing subsidies, Nigeria would save N3.9 trillion of its GDP in 2023 and N11 trillion by 2025.
Photo at a side meeting in Marrakech, Morocco during the Annual Meetings of the World Bank and International Monetary Fund
Wickremesinghe said this while addressing an event in Colombo.
The IMF gave the advice on Wednesday in a statement signed by Labara Bonet on behalf of the IMF Resident Representative, Ari Aisen.
The Director and Chief Executive Officer of the agency, Modibbo HammanTukur, gave the advisory in a statement made available to newsmen in Abuja on Thursday.
The demand was made of Nigeria’s MDAs by the IMF on Wednesday in Abuja by its team, led by Alin Shane.
The IMF Resident Representative for Nigeria, Ari Aisen, made this known at a meeting on Friday in LAGOS STATE.
The multilateral lender also revealed that a macro-fiscal stress test it conducted on the country showed that interest payments on debts in the country could amount to Nigeria using 100 per cent of its revenue to service debts by 2026 if not closely monitored.
This is according to: “October Regional Economic Outlook for Sub-Saharan Africa: One planet, two worlds, three stories.”
These according to the Fund include increasing the transparency and predictability of exchange rate management policies to reduce distortions in allocations to the private and public sector stakeholders, ensuring that agents can access foreign exchange in a timely and orderly manner at an agreed rate.
As Gen Babangida willingly restructured Nigeria from a state-run enterprise to a private sector-led economy, “the government should voluntarily restructure from a federal government-controlled entity to a more diversified control structure”.
The LND windows were introduced in 2017 to increase available emergency financing for member countries experiencing urgent balance of payments needs arising from large natural disasters where economic damage is equivalent to or exceeds 20 per cent of a country’s GDP.