The International Monetary Fund (IMF) says Nigerians are getting poorer and that “coherent and comprehensive” economic reforms are urgently needed in the country.

The gross domestic product report released by the National Bureau of Statistics (NBS) on Tuesday showed that the economy recorded a growth of 0.83 percent in 2017.

The Bretton Wood institution said it expects the government to “muddle through” in the medium term, and any progress could also be threatened if elections next year consume political energy and resources.

The governments of Kano and Lagos States holds an economic summit themed “States Partnership as a Tool for Sustainable Economic Development” from 28th February to 1st March , to discuss strategies and collaboration with a view to boosting ease of doing business and their Internally Generated Revenue (IGR).

Tunisia will invest 12 billion dinars ($5 billion) in electricity and other energy projects from 2018 to 2020, a government statement said on Thursday.

The government also said it was planning a new airport close to the capital.

Mozambique won’t make payments for at least five more years on about $2 billion of loans that led to a default last year, according to the International Monetary Fund.

The government has amassed $710 million of arrears on the debt, most of which it previously hid from the Washington-based lender, according to an Article IV report and an associated Debt Sustainability Analysis to be submitted to the fund’s board March 2. The documents were shown to Bloomberg by two people who declined to be identified because they’ve not been published yet.

Reuter’s news agency reports that IMF Resident Representative Ari Aisen declined to comment. Finance Ministry spokesman Rogerio Nkomo acknowledged receipt of an email sent by Bloomberg, but didn’t immediately provide comment.

The United States Agency for International Development (USAID) together with Power Africa, have concluded the four-year Renewable Energy and Energy Efficiency Project (REEEP) in Nigeria.

According to ThisDay, the $2.1 million project ran from March 2014 to February 2018, and was aimed at mitigating climate change, reducing carbon emissions, increasing economic opportunities, improving employment and ultimately sustaining development in the country.

The Managing Director, Bank of Agriculture (BOA), Alhaji Kabir Adamu, says the bank has disbursed N262 billion to 140,000 farmers through Anchor Borrower Scheme in three years.

Adamu, who disclosed this while speaking with the News Agency of Nigeria (NAN) on Wednesday in Sokoto, said the disbursement was to support farmers and boost agriculture in the country.

According to him, the bank was disbursing the loans directly to farmers in the past but due to some hitches had to introduce indirect lending through input suppliers to ensure that genuine farmers access the facilities.

Dr Maikanti Baru Group Managing Director, Nigerian National Petroleum Corporation (NNPC) says it has revamped about 500 kilometres of pipelines between 2010 and 2018 to boost gas supply to critical sectors of the economy.

Baru disclosed this while speaking at the 2018 Oloibiri Lecture Series and Energy Forum (OLEF) , organised by the Society of Petroleum Engineers (SPE), on Thursday in Abuja.

Baru was represented by the Chief Operating Officer, Upstream of the NNPC, Mr. Bello Rabiu.

He said that the pipelines had been commissioned and presently delivering gas.

President Muhammadu Buhari on Tuesday approved the re-appointment of Mr Olusegun Awolowo as Executive Director/Chief Executive Officer of the Nigerian Export Promotion Council (NEPC). Mr. Olusegun Awolowo's reappointment was contained in a statement issued by the Special Adviser to the President (Media and Publicity), Femi Adesina and made available to Vigil360.

OPEC oil output fell in February to a 10-month low as the United Arab Emirates joined other Gulf members in over-delivering on a supply reduction pact, a Reuters survey found, pushing compliance with the deal to its highest yet. The Organization of the Petroleum Exporting Countries pumped 32.28 million barrels per day in February, the survey found, down 70,000 bpd from January. The February total is the lowest since April 2017, according to Reuters surveys.

The National Bureau of Statistics (NBS) in conjunction with NOI Polls have revealed that Nigerians currently pay N199 for Petrol per litre, against the N145 approved by the government. NOI Polls, a research firm revealed this in its latest report released in Abuja on Tuesday and urged the Department of Petroleum Resources (DPR) to enforce the petroleum price monitoring mechanism.