The Minister of Finance, Mrs Kemi Adeosun, has disagreed
with the perception of Nigeria by most international bodies particularly the
World Bank and the IMF.
The Finance Minister told a panel discussion in Washington
where she is attending the spring meetings of the IMF and World Bank that
Nigeria has resolved to build resilience into the country’s economy to hedge
against future oil shocks.
She added that the nation is seeking a combination loan
support from the World Bank and the African Development Bank to help diversify
its economy.
Reacting to Nigeria’s rejection of IMF offer, she said that
the memory of the last experience still resonates among the citizenry.
Meanwhile, major economies at the World Bank-IMF spring
meetings believe that global growth remains slow, and there is need for nations
to diversify their economy.
The message seems more directed towards oil exporting
countries, which have been weaning off their dependence on oil over the years.
CBN Governor, Godwin Emefiele, who is attending the
meetings, says Nigeria has already begun measures towards diversification,
despite the challenges.
Source-Channels
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