• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, October 3, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

IMF tasks Nigeria on framework to tackle inflation

IMF

The Matters Press by The Matters Press
September 16, 2022
Reading Time: 2 mins read
0
Economists Challenge IMF on call for further VAT increase in Nigeria

The International Monetary Fund (IMF) has called for a stronger operational framework and price stability to combat inflation in Nigeria.

RELATED POSTS

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

Atiku’s hunger revolution, delusional – TMSG

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

The IMF Resident Representative for Nigeria, Mr Ari Aisen, said this in his keynote address at the Financial Markets Dealers Association’s (FMDA) quarterly meeting on Friday in Lagos.

The FMDA quarterly meeting with the theme: “Nigeria Macroeconomic Developments and Outlook: IMF View,” was hosted by the First Bank of Nigeria Ltd.

Aisen said focusing on price stability was needed to tackle the country’s high inflation.

Speaking on the IMF policy recommendations to safeguard financial stability, he stressed the need for regulatory vigilance and timely actions against undercapitalised banks.

According to him, the introduction of additional macro prudential instruments are essential for financial stability.

He expressed concern over the structural challenges in Nigeria, noting that more efforts were needed to reduce corruption vulnerabilities.

Aisen called for improvement in government efficiency, initiating civil service reforms and ensuring accountability of COVID-19 spending.

He said, “more domestic revenue mobilisation is needed to reduce fiscal vulnerabilities and create policy space.”

Aisen urged the Federal Government to ensure permanent removal of fuel subsidies in line with the Petroleum Industry Act to boost revenue.

He, however, said compensatory measures for the poor should be in place to mitigate the effects of subsidy removal.

On exchange rate, Aisen called for a unified and market-clearing exchange rate to strengthen the external reserve.

This, according to him, will be achieved through complementary macro-economic structural policies to preserve competitiveness gains from any exchange rate adjustment.

He noted that the COVID-19 and Russian/Ukraine war had affected food prices all over the world.

Aisen said these developments had called for bold trade and agricultural reforms for inclusive recovery.

FMDA is the principal interface with the monetary authorities through policy advocacy and engagement aimed at promoting sound markets and ethical conducts comparable to international standards.

It has the ultimate objective of facilitating liquidity, transparency and price discovery and engendering market deepening.

Tags: IMF
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Consumer commission, CBN, EFCC investigate violations in money lending
Economy/Technology

Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎

September 24, 2025
Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s hunger revolution, delusional – TMSG

September 23, 2025
‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG
Economy/Technology

‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

September 22, 2025
2023 maritime, shipping outlook force experts to call for aid
Economy/Technology

Leap in non-oil exports gain of Nigeria:s economic diversification ‎

September 17, 2025
NBS reports increase in Inflation
Economy/Technology

Think Tank ‎projects 17% inflation rate by year-end, urges CBN to ease benchmark rate ‎

September 17, 2025
Old pension scheme beneficiaries get a boost in entitlements
Economy/Technology

‎GROUP LAUDS INSURANCE SCHEME FOR RETIREES IN NIGERIA. ‎

September 14, 2025
Next Post
“Naira-4-Dollar” getting results

Naira gains further by 0.02%

Rubber association seeks support of LASG for enhanced growth

Nigeria inaugurates technical to resuscitate rubber, tyre industry

Recommended Stories

Nigeria, WFP worry over food situation

Danish firm to build food processing plants in Enugu

November 3, 2022
Nigeria initiates measures to be self-sufficiency in health

Nigeria initiates measures to be self-sufficiency in health

November 2, 2024
Umahi gives 14 days ultimatum to contractors to return to site

FG ready to clear N1.5trn debt owed contractors – Umahi

January 12, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Think Tank welcomes first interest cut in 5 years, notes that CBN decision aligns with its projection ‎
  • Atiku’s hunger revolution, delusional – TMSG
  • ‎Fubara, lawmakers’ position vindicate President Tinubu’s emergency rule declaration-TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us