The International Monetary Fund has commended the Federal Government effort to improve business environment and promote opportunities for growth in Nigeria.
The Managing Director of the International Monetary Fund, IMF, Ms. Christine Lagarde who arrived Nigeria, on Monday for a meeting with President Muhammadu Buhari gave this commendation.
She said, “Nigeria is working hard to improve its business environment, promote opportunities for growth in the private sector, and strengthen social cohesion, all areas where the government has an important role to play.”
Lagarde is paying a four-day official visit to engage with policy makers and other stakeholders on how IMF can partner the nation for a better economy.
“I look forward to productive meetings with President Buhari and his colleagues as they address important economic challenges, most importantly the impact of low oil prices,” Ms. Lagarde was quoted as having said in preparation for the visit which will end on Thursday, January 7.
Before her visit, it would be recalled that the IMF Boss advised the Federal Government to deal with the subsidy issue.
As she put it, “ Nigerian Government needs to deal with subsidy issue now that the prices of oil have fallen because when prices rise it would be very difficult to remove subsidies.”
“But to achieve this, the government actually has to make sure and convince the people that the savings in subsidy would be used to improve the lives of the citizens. This is what they need to do to make it politically feasible to remove fuel subsidy.”
She arrived the presidential wing of the Nnamdi Azikiwe International Airport aboard a private plane at about 3pm, where she was received by Minister of Finance, Mrs Kemi Adeosun, and the Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele.