Home Business Nigeria may benefit from multi-million dollar Africa initiatives
Nigeria may benefit from multi-million dollar Africa initiatives
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Nigeria may benefit from multi-million dollar Africa initiatives

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Nigeria is in line to benefit from series of multilateral initiatives brokered by the International Monetary Fund (IMF), Germany, the International Finance Corporation (IFC) and leaders of the top Multilateral Development Banks (MDBs).

Under the G-20 Compact with Africa scheme, IMF Managing Director, Christine Lagarde and Germany’s Minister of Finance, Wolfgang Schäuble, at the weekend in Washington DC, signed a €15 million pact in support of capacity development activities across Africa.

The move is to ensure capacity development support for African policymakers’ to address reform challenges in strengthening domestic resource mobilisation, implementing fair tax systems, achieving good financial governance, and fostering financial stability and inclusion.

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