Published On: Wed, Jan 6th, 2016

IMF boss denies loan negotiations with Buhari

Share This
Tags
MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde with President Buhari after their meeting at the Presidential villa (picture : Newsweek/reuters)

MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde with President Buhari after their meeting at the Presidential villa (picture : Newsweek/reuters)

ABUJA, (CAJ News) – MANAGING Director of the International Monetary Fund (IMF), Christine Lagarde, has denied some reports she was negotiating a loan for the Nigeria.

The speculation follows a meeting she had with Nigeria President Muhammadu Buhari at the Presidential Villa in Abuja on Tuesday.

“I am not here to negotiate loan with conditionalities because Nigeria does not need a new IMF programme,” the IMF leader said.

She meanwhile said she had fruitful discussions with Buhari on the state of the Nigerian economy in the light of sliding oil prices.

Nigeria is the continent’s biggest producer of the commodity.

Lagarde said she also discussed how Nigeria could face the challenges associated with global economic downturn.

The meeting with the president also dwelled on Buhari’s fight against corruption and his commitment to transparency and accountability in governance.

Lagarde said the IMF viewed Nigeria, the continent’s biggest economy and most populous country, as a key player in global financial structure.

“The ongoing reforms in the country will definitely have a great impact on Nigeria’s neighbours,” she said.

CAJ News

Featured Video