The Managing Director of the International Monetary Fund, IMF, Christine Lagarde has allayed fears that she is in Abuja to negotiate a loan with the Federal Government.
The IMF boss who is on a four day official visit to Nigeria told State House correspondents after a closed-door meeting with President Buhari, Vice President Osinbajo and some ministers at the Presidential Villa, Abuja that she is not in the country to negotiate a loan with conditionality.
Also present at the meeting were the Minister of Finance, Kemi Adeosun; Minister of Budget and National Planning, Udo Udoma; Minister of Transportation, Rotimi Amaechi; and Minister of Works, Housing and Power, Babatunde Fashola.
Lagarde said that what Nigeria needs to become sustainable is fiscal discipline.
Her words:
“Let me make it clear that I am not here (in Nigeria) nor is my team in this country to negotiate a loan with conditionality.
“We are not into programme negotiations and frankly at this point in time, given the
determination and resilience displayed by the President and his team, I don’t see why an IMF programme will be needed.
“So of course, discipline is going to be needed, of course, implementation is going to be key for the objectives and the ambitions to serve the country well, in order for it to be actually sustainable.”
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