The IMF is pressing Nigeria to further devalue its currency amid uncertainty over the political and economic outlook for Africa’s biggest oil producer and economy a news agency has reported. The report quoted Antoinette Sayeh, the International Monetary Fund’s Africa Director who had alleged that restrictions placed on 41 items access to foreign exchange was “quite detrimental saying that in Nigerians they “are already making it harder for the average person to buy milk,” at the IMF annual meeting that ended in Peru two weeks ago. But Mrs Antoinette Sayeh openly avoided Nigeria reporters who asked her to name one country in the world that export crude and import refined products. She was also not forth coming when asked to name one country that would import anything that could be produced locally. Her assertion that it was becoming difficult for Nigerians to buy milk in the open market did not go down well with those who are familiar with the Nigerian situation at the Africa region press briefing. - Read more at http://kiakiamedia..com.ng/2015/10/devalue-naira-imf-urges-nigeria.html

ictrepublic, arr u from imf?

mm

umm, firstly I thank God for those question that was asked by sensible people even though it was not answered.
secondly let us remember d beginning of IMF deal with Nigeria from d days of babangida,they weaken our currency by giving us d loan we don't need knowing fully well that we HV a corrupt govt DAT will mismanage it thereby like Solomon said in d bible we became slave to our creditor.
last bullet: IMF n WORLD BANK are not created in the interest of less develop nations,get a soft/hard copy of "confession of an economic hitman" by john Perkins to understand my submissions.