IMF boss offers to help Nigeria trace stolen funds

chika ebuzor

January 6, 2016 4:11 AM

Lagarde is currently on a four-day working visit to Nigeria.

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, in a closed door meeting with President Buhari, offered to assist Nigeria trace stolen funds, reports say.

Punch Newspapers reports that Lagarde also offered to help restructure the country’s tax system and block revenue leakages.

Speaking to newsmen after the meeting, Buhari’s Special Adviser on Media and Publicity, Mr Femi Adesina said Mr. President told the IMF boss that the country would look inwards for home-grown solutions to the current economic challenge.

According to Adesina, Buhari said “We have just come out of budget discussions after many weeks of taking into consideration the many needs of the country and the downturn in the economy with falling oil prices and the negative economic forecasts. We are working very hard and with the budget as our way forward; we will do our best to ensure that our country survives the current economic downturn.

“We have also told all heads of Ministries, Departments and Agencies of government that on our watch, they will fully account for all funds that get into their coffers.”

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

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chika ebuzor