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Monday, October 19, 2020

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Christine Lagarde arrives Nigeria for talks on economic development

Christine Lagarde, the Managing Director of International Monetary Fund (IMF) on Monday arrived in Nigeria on a four-day visit to engage policy makers on ways to promote economic development in the country.

Lagarde was welcomed by the Minister of Finance, Kemi Adeosun and the Governor, Central Bank of Nigeria, Godwin Emefiele, at the Presidential wing of the Nnamdi Azikiwe International Airport in Abuja, the country’s capital city.

The visit was to provide an opportunity to strengthen the fund’s partnership with the largest economy in sub-Saharan Africa, the IMF said in a statement.

Lagarde is expected to meet with President Muhammadu Buhari and his economic team, legislators, senior leaders, prominent businessmen and women, and representatives of civil society.

Lagarde said ahead of her trip, Nigeria is working hard to improve its business environment, promote opportunities for growth in the private sector, and strengthen social cohesion in all areas, the statement added.

“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,” she added.

Lagarde at the end of her visit to Nigeria would head to Cameroon for a two-day visit.

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