Maritime Nigeria

Main Menu

  • Home
  • News
  • Interviews
  • Maritime Info
  • Photo Gallery
  • Fact
  • Profiles

logo

Header Banner

Maritime Nigeria

  • Home
  • News
    • SON Celebrate Inuwa As Board Chairman

      Jul 21, 2025
      0
    • "How JournalNG Emerged Best Maritime Magazine"-Kagbare

      Jul 21, 2025
      0
    • Nigeria Customs Dislodge Drug Cartel At Onne Port

      Jul 20, 2025
      0
    • "We Are Committed To Automation and Efficient Port Operations"-Akutah

      Jul 19, 2025
      0
    • "Ports and Economy Integration Vital For National Advancement"-Dantsoho

      Jul 19, 2025
      0
    • NSML Insists On Capacity For Maritime Development

      Jul 19, 2025
      0
    • "Human Capacity Bedrock of Maritime Development"-Dr. Okonna

      Jul 19, 2025
      0
    • ISPS Implementation: NIMASA Shuts Non-Compliant Facilities

      Jul 17, 2025
      0
    • Nigeria Customs Renovate, Equip School To Boost Education

      Jul 17, 2025
      0
  • Interviews
    • Nigeria Takes Leadership Of MOWCA

      Nov 18, 2021
      0
    • APM Participates in UK Trade Expo

      Oct 31, 2021
      0
    • Reps Seek Admission at MAN

      Dec 7, 2020
      0
    • NIMASA URGE SHIP OWNERS TO RENEW CABOTAGE LICENSES

      Oct 5, 2020
      0
    • FG Sacks Aboloma As NAIC Gets New EDs

      Aug 28, 2020
      0
    • Britain Celebrate Nigerian In Covid Efforts

      Jul 26, 2020
      0
    • Zuckerberg Backs Trump Against Twitter

      May 28, 2020
      0
    • NAFDAC DG Sheds Light On Chloroquine, Herbals, Masks and Covid19

      May 12, 2020
      0
    • Reps Threaten MDAs

      Feb 24, 2020
      0
  • Maritime Info
    • 2023 POP: Minister Task Cadets On Blue Economy

      Dec 15, 2023
      0
    • Rector, Trainees Excited, Laud FG On Modern Academy

      Jan 26, 2023
      0
    • Buhari Redeploys Minister As NPA, NIMASA, MAN, Others Get New Boards

      Apr 7, 2022
      0
    • World Bank Endorse Nigerian Ports, Partners Navy On Capacity Building

      Mar 19, 2022
      0
    • NIMASA Commend Nigerian Navy, Reassures On Floating Dock

      Feb 9, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • shipping

      Singapore Strait Dangerous To Shipping-ReCAAP

      Jan 24, 2022
      0
    • Lekki Deep Sea Port Will Increase Port Efficiency-Amaechi

      Jan 24, 2022
      0
    • Fair Competition: NSC Partners FCCPC For Effectiveness

      Jan 21, 2022
      0
  • Photo Gallery
    • SERAP Calls for Probe of Entire Privatization Processes 1999-2011

      Dec 4, 2017
      0
    • IMO Election: South Africa, Kenya, Liberia, Morroco and Egypt Make Category C

      Dec 2, 2017
      0
    • Maersk Ship on Fire as Coy Launches Six Container Lifting Tech

      Nov 2, 2016
      0
    • Captured Seafarers Languish In Captivity without Ransom

      Nov 1, 2016
      0
    • Niger Delta: Militants Ask FG to Include Former Agitators in Negotiations

      Nov 1, 2016
      0
    • Self-Audit: NIMASA Set to Review 3% Freight Charge

      Nov 1, 2016
      0
    • Recession: Japanese Shipping Companies to Merge

      Oct 31, 2016
      0
    • NSC Partners ICS on Capacity Building

      Oct 31, 2016
      0
    • AGAIN, APAPA CUSTOMS SURPASS MONTHLY TARGET WITH N33B COLLECTION

      Oct 5, 2016
      0
  • Fact
    • Maritime Police Boss Celebrate Workers

      May 1, 2025
      0
    • “VIN Is A Trade Tool, Not Punitive”-Customs

      Mar 2, 2022
      0
    • Blackmailers, False Publishers and Their Agents: Court Clears Rector

      Feb 18, 2022
      0
    • MAN Unveils Lighthouse For Training of Cadets

      Jan 27, 2022
      0
    • "APM Terminals Is Beyond Moving Boxes Around"-Laursen

      Jan 24, 2022
      0
    • MWUN: Welfare, Safety Our Priority-Adeyanju

      Dec 27, 2021
      0
    • Reversing the Trend: Koko Breaks Record at NPA

      Dec 24, 2021
      0
    • Minister Demands More From MAN At Passing Out Parade

      Dec 20, 2021
      0
    • MARITIME NIGERIA TASK NIMASA ON MARITIME DEVELOPMENT

      Dec 15, 2021
      0
  • Profiles
    • CMA CGM Brings AI Onboard

      Jun 5, 2018
      0
    • Customs Notify 577 Officers of Retirement by Eguono Odjegba

      Jan 12, 2018
      0
    • Over 100 Persons Feared Dead in Mediterranean Ship Wreck

      Nov 3, 2016
      0
    • Ballast Water: Panama Signs Up

      Oct 24, 2016
      0
    • Ist Half Report: Customs generate N385.7bn revenue

      Aug 15, 2016
      0
    • Minister/MD Speeches at the Launch of NPA's CCCIS

      Jul 23, 2016
      0
    • Face off Imminent as Dakuku Warn IOCs to Sit Up or Stay ...

      Jul 22, 2016
      0
    • Hadiza, Welcome to NPA

      Jul 16, 2016
      0
    • Habib Abdullahi Sacked Again from NPA

      Jul 12, 2016
      0
  • SON Celebrate Inuwa As Board Chairman

  • “How JournalNG Emerged Best Maritime Magazine”-Kagbare

  • Nigeria Customs Dislodge Drug Cartel At Onne Port

  • “We Are Committed To Automation and Efficient Port Operations”-Akutah

  • “Ports and Economy Integration Vital For National Advancement”-Dantsoho

FeaturedNews
Home›Featured›“Beware of China Loans”-IMF

“Beware of China Loans”-IMF

By Editor
Apr 10, 2019
1171
0
Share:

The International Monetary Fund has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions.

The Financial Counsellor and Director of the Monetary and Capital Markets Department of the IMF, Mr. Tobias Adrian, cautioned during the launch of the Global Financial Stability Report for April 2019 at the IMF/World Bank meetings in Washington D.C.

“Capital flows, which includes capital flows from China, are, of course, important for development. On the other hand, what is very important in lending arrangements are the terms of the loans and we urge countries to make sure that when they borrow from abroad, the terms are favourable”. In particular, we recommend that loans to countries should conform with Paris Club arrangements and that is not always the case of loans from China,” Adrian said.

On Nigeria’s rising debt levels, Adrian said that the IMF was not overly concerned, as it would allow the country to invest more in developing critical infrastructure.

“At the moment, funding conditions in economies such as Nigeria and other sub-Saharan African countries are very favourable but that may change at some point,” he said.

The April 2019 Global Financial Stability Report finds that in spite of significant variability over the past two quarters, financial conditions remained accommodative.

As a result, financial vulnerabilities have continued to build in the sovereign, corporate, and non bank financial sectors in several systemically important countries, leading to elevated medium-term risks.

Also, the IMF in the April 2019 Fiscal Monitor Report urged Nigeria to increase Value Added Tax, increase and expand the coverage of excise duties.

The IMF commended the country’s latest Strategic Revenue Growth Initiative, which looks at a comprehensive approach to tax reform.

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Telegram (Opens in new window)

Related

Previous Article

How NSC Won PEBEC Award

Next Article

“Women Matter In Nation Building”-Hadiza

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • News

    One Council: A Cacophony of Voices, In Whose interest?

    May 26, 2024
    By Editor
  • FeaturedNews

    Navy Makes Changes in Command Chain

    Jan 12, 2018
    By Editor
  • News

    NPA, PCC Partner to Enhance Ports Efficency

    Jan 12, 2017
    By Editor
  • FeaturedNews

    Nigerian Ports Ready For Global Synergy/Competition-Hadiza

    Aug 24, 2017
    By Editor
  • FeaturedNews

    Nigeria Seek End to War Risk Premium On Cargo

    Aug 30, 2021
    By Editor
  • FeaturedNews

    NIMC Expands Enrolment to Saudi Arabia

    Jul 26, 2019
    By Editor

Leave a Reply Cancel reply

  • News

    Norway Ratifies Hazardous Cargo Treaty

  • News

    Minister Harps on Road Safety

  • FeaturedNews

    “AVOCADO HAS CAPACITY FOR OVER 35, 000 JOBS”-Amb Bunmi

Looking For Something?

Read From

  • Agriculture
  • Customs Operations
  • Fact
  • Featured
  • Interviews
  • Maritime Info
  • News
  • One Question
  • Photo Gallery
  • Profiles
  • sports

Just In

News

SON Celebrate Inuwa As Board Chairman

The Standards Organisation of Nigeria (SON) has extended its heartfelt congratulations to Yahuza Ado Inuwa on his appointment as Chairman of the Agency’s governing Board. The organisation praised Inuwa’s wealth ...
  • “How JournalNG Emerged Best Maritime Magazine”-Kagbare

    By Editor
    Jul 21, 2025
  • Nigeria Customs Dislodge Drug Cartel At Onne Port

    By Editor
    Jul 20, 2025
  • “We Are Committed To Automation and Efficient Port Operations”-Akutah

    By Editor
    Jul 19, 2025
  • “Ports and Economy Integration Vital For National Advancement”-Dantsoho

    By Editor
    Jul 19, 2025
  • Home
  • About Us
  • Contact Us
© 2013 Maritime Nigeria | All Rights Reserved