Christine Lagarde, the managing director of
the International Monetary Fund (IMF), has disclosed the real reason why
she came to Nigeria.
The IMF chief said that contrary to widespread perception, she was not in Nigeria to negotiate a loan for the country.
“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” Lagarde said.
While addressing a press conference at the State House in Abuja, Lagarde said she had a fruitful discussion with President Muhammadu Buhari on the state of the Nigerian economy in the light of dwindling oil prices.
She further said that they had discussions on how Nigeria could face the challenges associated with global economic meltdown.
Lagarde also said that her meeting with the president also dwelled on Buhari’s fight against corruption and his commitment to transparency and accountability in governance.
Premium Times reports that the IMF Chief spoke highly of the nation, stressing that IMF considers Nigeria a key player in global financial structure.
She added that ongoing reforms in the country would definitely have a great impact country’s bordering Nigeria.
It will be recalled that in 2015, the IMF listed Nigeria as the world’s 22nd largest economy in the world. A survey by the IMF, showed that with an annual growth rate of 5% during the course of 2015, Nigeria’s gross domestic product (GDP) is set to total $1.105trn, representing a 5% growth from 2014.
The IMF has asked Nigeria as Africa’s biggest oil producer and economy to devaluate its naira over the uncertainty trailing its political landscape and economy. According to the body, the devaluation will go a long way in aiding the economic reform which Nigeria needs.
Christine Lagarde
“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” Lagarde said.
While addressing a press conference at the State House in Abuja, Lagarde said she had a fruitful discussion with President Muhammadu Buhari on the state of the Nigerian economy in the light of dwindling oil prices.
She further said that they had discussions on how Nigeria could face the challenges associated with global economic meltdown.
Lagarde also said that her meeting with the president also dwelled on Buhari’s fight against corruption and his commitment to transparency and accountability in governance.
Premium Times reports that the IMF Chief spoke highly of the nation, stressing that IMF considers Nigeria a key player in global financial structure.
She added that ongoing reforms in the country would definitely have a great impact country’s bordering Nigeria.
It will be recalled that in 2015, the IMF listed Nigeria as the world’s 22nd largest economy in the world. A survey by the IMF, showed that with an annual growth rate of 5% during the course of 2015, Nigeria’s gross domestic product (GDP) is set to total $1.105trn, representing a 5% growth from 2014.
The IMF has asked Nigeria as Africa’s biggest oil producer and economy to devaluate its naira over the uncertainty trailing its political landscape and economy. According to the body, the devaluation will go a long way in aiding the economic reform which Nigeria needs.
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