NEWS

Lagarde to senate: Let Nigerians pay more taxes

Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria’s value added tax is the smallest in the west African region, appealing to the senate to work out the modalities for improving it. In her meeting with lawmakers in Abuja on Wednesday, Lagarde said Nigeria’s economy has “a large regional footprint and its fortunes affect that of its neighbors, especially through trade”. “For example, it is estimated that a one percent reduction in Nigeria’s growth causes a 0.3 percent reduction in Benin’s growth. So what can policymakers do?” s

NEWS

IMF leader Christine Lagarde arrives Nigeria ahead of economic talks with Buhari

Managing Director of the International Monetary Fund (IMF), Christine Lagarde, arrived Nigeria yesterday Monday January 4th to begin a four-day visit to the country which is aimed at fostering a strong relationship with Nigeria and other African member countries as well as to discuss Nigeria's economic matters with President Buhari. A statement from Lagarde reads in part.... (more…)