IMF’s suggestions are useful-Vice President Osinbajo

Timothy Choji, Abuja.

Nigeria’s Vice President, Professor Yemi Osinbajo says the International Monetary Fund IMF, has come with useful suggestions and good advice on how to develop Nigeria’s economy.

He stated this in his office, during a meeting between Nigeria’s economic team and that of the IMF.

“We are thankful to the IMF for this visit, which has brought useful suggestions and good advice to us,” he said.

Shared Ideas

Speaking to State House Correspondents after the meeting, Nigeria’s Finance Minister, Mrs Kemi Adeosun said the visit of the Managing Director of the International Monetary Fund IMF, Ms. Christine Lagard, has afforded Nigeria an opportunity to share ideas on what the country can do within the current global economy.

According to the Finance Minister, the meeting between the two teams was very rewarding, as it afforded an opportunity for Nigeria to outline its economic plans as well as reveal to the International Monetary Fund, details of how the country intends to achieve its budget objectives.

“The meeting was very productive, we were able to outline our plans as contained in our budget, we were able to go into some details about how we intend to attain the budget objectives and share ideas around what we can do within the current global economy,” Adeosun explained.

Mrs Kemi Adeosun used the opportunity to emphasize that the IMF Managing Director was not in Nigeria for loan negotiation.

“She made it very clear that IMF is not here as part of any form of programme, they are not here to lend us money, they are here to give us technical support and really get to know what the new economic team is doing,” she said.

The four day visit by the Managing Director of the International Monetary Fund is seen by many as a blessing while others are pessimistic about reasons for the visit.

However, the IMF boss stressed emphatically during a brief briefing at the Presidential Villa that the visit is meant to offer technical assistance and not to negotiate for any kind of loan.