Business Nigeria: We Need an Home-Grown Reform Program- Adeosun Rules Out IMF Loan

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LequteMan

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Nigeria's Finance Minister, Kemi Adeosun, has ruled out FG borrowing money from the IMF to improve the country's economy.

Speaking on CNBC, Adeosun said it is a last resort.

“For us the IMF is really a lender of last resort when you have balance of payments problem. Nigeria doesn’t have balance of payments problems per se, it has a fiscal problem,” Adeosun said.

“We are already doing as much reform as any IMF programme would impose on Nigeria,” she said.

“Nigerians want to take responsibility for their future. We must have our home-grown, home-designed programme of reform.”
 

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