Showing posts with label Nigeria; Budget Financing; Budget Deficit. Show all posts
Showing posts with label Nigeria; Budget Financing; Budget Deficit. Show all posts

Tuesday, January 05, 2016

No IMF Programme Needed For Nigeria, Says Lagarde

IMF Managing Director Christine Lagarde flanked by Kemi Adeosun, Minister of Finance (L) and Godwin Emefiele, CBN Governor (R). Image source: Breaking Times)

Africa’s biggest economy Nigeria, battling a revenue shortfall caused by the global oil shock, does not need assistance from the International Monetary Fund, the group’s head said on Tuesday.  “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,” said IMF Managing Director Christine Lagarde.