IMF Chief Backs Buhari’s War On Corruption, Says IMF ‘Not Lending FG Money’
IMF chief, Christine Lagarde has backed President Muhammadu Buahri’s anti-corruption drive and said the president’s reform push could have a positive impact in the region.
Lagarde, who was speaking at the Presidential Villa, Abuja, on Tuesday moments after holding talks with Buhari, also said that she is not in Nigeria to negotiate an IMF loan and added that she sees no reason why the country would need IMF money.
Ms Lagarde has also said Nigeria’s government needs to widen its sources of revenue in order to not rely so much on oil, the price of which has recently plunged.
The government’s budget deficit for 2016 stands at $11bn (£7.5bn), reports the BBC.