Nigeria needs no new loan despite challenges: IMF chief
Xinhua, Abuja :
Nigeria does not need a new loan from the International Monetary Fund (IMF) despite economic challenges, IMF Managing Director Christine Lagarde said here Tuesday.
Lagarde, who is on a four-day visit here, made the comment after meeting with Nigerian leader Muhammadu Buhari.
Lagarde said her visit to Nigeria was not to negotiate a loan for the country, contrary to the widespread speculation, but rather to discuss how the most populous African nation could overcome the economic challenges caused by dwindling global oil prices.
Nigeria does not need a new loan from the International Monetary Fund (IMF) despite economic challenges, IMF Managing Director Christine Lagarde said here Tuesday.
Lagarde, who is on a four-day visit here, made the comment after meeting with Nigerian leader Muhammadu Buhari.
Lagarde said her visit to Nigeria was not to negotiate a loan for the country, contrary to the widespread speculation, but rather to discuss how the most populous African nation could overcome the economic challenges caused by dwindling global oil prices.