Nigeria Does Not Need Assistance Despite Revenue Shortfall - IMF

Nigeria Does Not Need Assistance Despite Revenue Shortfall - IMF

Posted by Sylvester on Tuesday, January 5, 2016 0

Sponsored Advertisement?

The Managing Director of the International Monetary Fund, IMF, Christine Lagarde on Tuesday said Nigeria does not need assistance from the organisation despite battling with revenue shortfall caused by the global oil shock. Lagarde stated this in Abuja after a meeting with President Muhammadu Buhari.

Lagarde said, "Let me be very clear: I'm not here nor is my team here to negotiate a loan with conditionalities, we're not programming negotiations. "Frankly, given the determination and resilience displayed by the presidency and his team, I don’t see why an IMF programme is going to be needed." Lagarde, who is in the country on a four-day official visit, will also hold talks with the central bank governor and business leaders.