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An easy money policy is a monetary policy that increases the money supply usually by lowering interest rates. [1] It occurs when a country's central bank decides to allow new cash flows into the banking system. Since interest rates are lower, it is easier for banks and lenders to loan money, thus likely leading to increased economic growth. [2]
In 2011, the Board of Directors of African Development Bank (AfDB) Group approved $500 million multi-tranche line of credit to assist BOI in financing local SMEs Nigeria. In 2015 and 2017, the bank received $100 million (in two tranches of $50 million each) to fund export-oriented SMEs with the capacity to generate foreign exchange.
Since independence, with Jaja Wachuku as the first Minister for Foreign Affairs and Commonwealth Relations, later called External Affairs, Nigerian foreign policy has been characterised by a focus on Africa as a regional power and by attachment to several fundamental principles: African unity and independence; capability to exercise hegemonic influence in the region: peaceful settlement of ...
The compliance of the policy in Nigeria created challenges for the majority of the MDAs. [6] Commercial banks in Nigeria remitted over 2 trillion Naira worth of idle and active governments deposits with full implementation of this policy in 2016. [7] [8] Meanwhile, the bankers' committee of the country has declared their support for the policy. [9]
Asset Management Corporation of Nigeria (AMCON) Social Security Administration of Nigeria (SSA) Budget Office of the Federation (BOF) Bureau of Public Procurement (BPP) Central Bank of Nigeria (CBN) Corporate Affairs Commission (CAC) Debt Management Office (DMO) Federal Inland Revenue Service (FIRS)
The Ministry of Foreign Affairs of Nigeria is a statutory body created to reinforce foreign decision making and implementation processes in Nigeria [1] and handle the external promotion of Nigeria's domestic vision and ideals; it is headed by a federal executive cabinet minister. As of late its mission has geared towards increasing awareness ...
restructuring foreign debts; monetary policy to finance government deficits (usually in the form of loans from central banks) eliminating food subsidies; raising the price of public services; cutting wages; decrementing domestic credit. Long-term adjustment policies usually include: [1] [19] [2] liberalization of markets to guarantee a price ...
The counting of loans in ODA is problematic. Until 2018, loan disbursements were counted in full as aid in the year they were given, and repayments were negative aid in the year they were returned. Some DAC members considered this method "did not reflect actual efforts by donor countries" [27] (perhaps particularly when looking at an individual ...