₦airaland Forum

BY OUR REPORTER ON JANUARY 7, 2016

From Isaac Anumihe, Abuja

NOTWITHSTANDING its prevailing economic crunch, the International Monetary Fund (IMF) yesterday, rated Nigeria’s economy high in the emerging market segment.

Speaking after meeting with bank executives and the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, in Abuja, Manag­ing Director of the Fund, Ms Christine Largade, advised the Federal Government to put solid economic measures in place to strengthen the fi­nancial sector and to channel more resources to grow the real sector of the economy and the Small and Medium Enter­prises (SMEs).

She disclosed that the IMF has had a series of meetings with the representatives of the banking industry and came out with strategic mechanism for sustaining the nation’s banking sector.

“This morning I have been with the CBN governor. I have also been having series of meetings with representa­tives of the banking industry and we have assured our­selves of a strategic defence on how to sustain the banking sector. We also have discussed on how the financial sector can help contribute in financ­ing the economy and sup­port small and medium scale business and development in Nigeria,” she noted, insisting that the financial sector is still strong while advising that the Bureau de Change (BDC) op­eration should be improved upon.

In his remarks, the CBN Governor, Emefiele, com­mended the IMF for visiting Nigeria and the apex bank, adding that during the meeting with Largade, both the CBN and IMF had very fruitful dis­cussions on how it could sup­port the real sector and SMEs in Nigeria.

“Indeed, the banks them­selves have promised to do better in this regard, notwith­standing some of the challeng­es we are presently facing,” Emefiele said.

Lagarde also visited Mother Theresa Orphanage Home in Gwarinpa, Abuja, where she donated $250,000 (N49.25 million) to help cushion the expenses of the home.

Speaking while making the donation, the IMF boss expressed her deep feeling for the children and called on privileged Nigerians to come to the aid of the less privileged in the country.

Brightology2:
Op don't be an agent of change confusion. The topic and d body of the thread does too tally in anyway. I didn't see anywhere in d thread where IMF rated nigeria economy high. Maybe oshogbo weed at work.

WisdomFlakes:
If you have any problem with the news report, why not simply direct your dissatisfaction at the Sun Newspaper rather than attacking me?

WisdomFlakes:
If you have any problem with the news report, why not simply direct your dissatisfaction at the Sun Newspaper rather than attacking me?

comos:
GEJ legacy

Brightology2:
Op don't be an agent of change confusion. The topic and d body of the thread does too tally in anyway. I didn't see anywhere in d thread where IMF rated nigeria economy high. Maybe oshogbo weed at work.

abduljabbar4:
Sai Buhari!!! Despite the thievery under gej, Buhari is keeping this nation alive.




Wailers, but if its something bad you will tell us to stop mentioning the otuokke drunkard and face our business.



Lol! Wailers be like:

comos:
I don't think I have time to argue with people like you b/cos I already know which part of the country you are from.
go get proper western education then your contributions will be considered.