Home Politics The IMF warns the FG about amending the CBN Act

The IMF warns the FG about amending the CBN Act

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The IMF warns the Federal Government about amending the CBN Act.

The IMF cautioned Nigeria against amending the CBN Act, advising instead to strengthen the central bank. They supported raising minimum capital for banks and urged unwinding pandemic-related regulatory forbearance. The IMF also praised efforts to boost tax enforcement and scale up cash transfer programs to address food insecurity.

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