…Says Nigeria’s reforms are predicated on strong leadership<\/p>\n
Christine Lagarde, Managing Director, The International Monetary Fund (IMF) has commended the Nigerian government for she\u00a0 called,\u00a0 its dynamic reforms, which she said is predicated on strong leadership.<\/p>\n
The IMF boss gave the commendation at the plenary of the Annual Meeting of the World Bank and IMF, on Saturday in Tokyo.<\/p>\n
“Look at Nigeria, a country I visited earlier this year. This is a country that, for many years, squandered its inheritance of oil riches, but now is growing impressively, helped by dynamic reforms and strong leadership,” she said.<\/p>\n
According to her, Sub-Saharan Africa is also breaking through and growing strongly and steadily after decades of stagnation.<\/p>\n
“Of course, there is still a long way to go to win the long war against poverty, but old stereotypes are fading fast, with the rise of fast-growing `frontier markets\u2019 attracting lots of outside interest,” she added.<\/p>\n
She urged African leaders to ensure effective policies that would bring inclusive growth and development to the region.<\/p>\n
She noted that various changes witnessed in the region would help shape the future adding that leaders must not be carried away with the situation.<\/p>\n
“But there are big challenges as well and we must not get carried away.<\/p>\n
“As you will have seen from our forecasts, the global recovery is still too weak.<\/p>\n
“Job prospects for untold millions are still too scarce and the gap between rich and poor is still too wide,” she advised.<\/p>\n","protected":false},"excerpt":{"rendered":"
…Says Nigeria’s reforms are predicated on strong leadership Christine Lagarde, Managing Director, The International Monetary Fund (IMF) has commended the Nigerian government for she\u00a0 called,\u00a0 its dynamic reforms, which she…<\/p>\n","protected":false},"author":1,"featured_media":5007,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-5005","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"\n