We are not in Nigeria to Negotiate Loan, Nigeria must Widen her Revenue Base- IMF Chief
Nigeria- The International Monetary Fund chief Christine Lagarde said on Tuesday she was not in Nigeria to negotiate a loan and urged Africa’s biggest economy to diversify its revenue to try and get out of an economic crisis fuelled by the fall in oil prices.
Lagarde was speaking journalists at the presidential villa in the capital Abuja moments after holding talks with President Muhammadu Buhari. She backed Buhari’s fight against corruption terming it “very important” and said the president’s reform push could have a positive impact in the region.
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.”
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