Tag: #IMFAlert
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INDIGENOUS CONTRACTORS PROTEST AT NATIONAL ASSEMBLY DEMANDING PAYMENT OF OUTSTANDING 2024 CONTRACTS
The All Indigenous Contractors Association of Nigeria (AICAN) has staged peaceful protests at the National Assembly in Abuja calling on the Federal Government to clear overdue payments for fully executed 2024 contracts. President Jackson Nwosu highlighted that the prolonged delay has caused severe financial distress for many contractors, with some facing health issues due to…
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GLOBAL PUBLIC DEBT TO SURPASS 100% OF GDP BY 2029, SAYS IMF
The International Monetary Fund (IMF) warns that global public debt is set to rise above 100% of the world’s Gross Domestic Product by 2029, the highest since 1948. Vitor Gaspar, IMF’s Fiscal Affairs Director, says this growing debt risk demands urgent and consistent action from policymakers to keep debt in check and avoid financial turmoil.…
