International Monetary Fund (IMF) Managing Director Christine Lagarde is in Nigeria for the second time since the beginning of her tenure. This is her first visit since President Mohammadu Buhari was elected.
She met with high level Nigerian officials yesterday. There has been a lot of suspicion over the IMF’s interest in Nigeria and Lagarde appeared to douse those fears during her press briefing.
Based on her comments at the press briefing, Nigeria does not currently need IMF intervention but there are lots of issues to be addressed including corruption and poverty which is highlighted by the disparity between rich and poor.