Nigeria needs to synchronize fiscal, monetary policy

Pulse Staff 08:07 - 03 October 2016

President Muhammadu Buhari receives President of African Development Bank Akinwumi Adesina in Abuja, Nigeria September 26, 2016.

"I think the naira is devalued, but...monetary policy and also the fiscal policy that synchronisation, that is very very important,"

Nigeria needs to coordinate its fiscal and monetary policy more closely, African Development Bank President Akinwumi Adesina said on Monday.

"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."