The International Monetary Fund (IMF) has apologised for saying Nigeria needs to consider the poor in its economic policies.
This is coming after Senator Jimoh Ibrahim blasted IMF Director, Kristalina Georgieva for uttering a negative statament that wasn’t backed with supporting data about Nigeria’s economy.
Representing the Senate at the World Bank Parliament in Washington, Jimoh revealed that misleading comments like that go a long way in harming Nigeria’s economy and creating instability. According to him, rather than make reckless comments without sufficient data to back it up, the IMF should instead applaud President Tinubu’s positive economic initiatives thus far, including tariff regulation, better revenue-to-GDP ratio, efficient cash flow management, and successful debt repayment efforts.