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Nigeria Needs No Help
World Economy

Nigeria Needs No Help

The Managing Director of the International Monetary Fund Christine Lagarde addressed journalists after a meeting with President Muhammadu Buhari in Abuja, NewsNow reported. She said the discussion was centered on oil price reduction and the need to apply fiscal discipline as well as address Nigeria’s population needs. She said that Nigeria needs no assistance from the IMF to address it economic problems, adding that the country has improved democratically since she visited four years ago. She also endorsed Nigeria’s efforts to tackle corruption, while saying the country needed to reduce its reliance on oil, sharp falls in the price of which have crippled its economy. Lagarde also said she was not in Nigeria to negotiate a loan. She backed what she called Buhari’s “very important” fight against corruption and said the president’s reform push could have a positive impact across West Africa.

 

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