Nigeria needs to coordinate its fiscal and monetary policy more closely, African Development Bank President Akinwumi Adesina said on Monday.
Nigeria needs to synchronize fiscal, monetary policy
"I think the naira is devalued, but...monetary policy and also the fiscal policy that synchronisation, that is very very important,"
President Muhammadu Buhari receives President of African Development Bank Akinwumi Adesina in Abuja, Nigeria September 26, 2016.
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![Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Zimbabweans have 21 days to exchange old banknotes for new ones (image used for illustration) [Reuters]")
"I think the naira is devalued, but...monetary policy and also the fiscal policy that synchronisation, that is very very important," Adesina said during a panel discussion at the FT Africa Summit in London.
"There is a lot of pressure put on the naira."
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