Christine Lagarde, managing director of the International Monetary Fund (IMF), says Nigeria’s economic situation is alarming, calling for a flexible exchange rate regime.

Speaking on the World Bank/IMF special edition of BBC’s HardTalk anchored by Stephen Sackur, Lagarde said Nigeria has huge potential, especially in her youth.

Largade maintained that IMF was ready to help Nigeria, appealing to President Muhammadu Buhari to take steps to move in the direction of “flexible exchange rate”.

“We are not suggesting that flexible exchange rate is the panacea in all cases, but in this particular instance, we believe that it would help,” she said.

“I know it is going to be difficult, and we very much hope that the Nigerian government under the leadership of President Buhari will be able to distinguish the value of moving in that direction, rather than causing the circumstances that can precipitate, a much more difficult decision making process at some stage.

“We remain completely available to help, we believe that it is doable, it can be address.”Lagarde Sackur

Lagarde and Sackur at GWU, Washington

She described Nigeria as a great country with huge potential, but decried the current economic situation.

“Nigeriai has very strong resourceful and great people. The right policy mix is needed, which include, in our view, flexible exchange rate,” she said.

“Nigeria is one of those countries where there’s huge potential, fantastic youth but also a very alarming economic situation. It is heavily dependent on the oil resources.

“Both in terms of fiscal revenue and exports. As a result of that, we have gone public and actually gone to the senate of Nigeria to explain our views, we believe that a more flexible exchange rate is in the interest of the Nigerian population.

“If that doesn’t happen, we would continue to see the dual exchange rate, and putting in place a list of those product and services that are forbidden in Nigeria for import purposes, cannot be a substitute to a more flexible exchange rate.”



https://www.thecable.ng/imf-asks-buhari-change-forex-policy

I don't want to read that note but all i know is buhari Government is doing try and error, but i believe things will be better

if not After she failed in an attempt to devalue Naira, Now she want Buhari to change his Forex Policy..... what is wrong with this woman?

dear Christine Lagarde; Mr President will not devalue our currency.. you have tried every avenue to convince, cajole and manipulate his decision on this.. Give it a rest already..

“Nigeriai has very strong resourceful and great people. The right policy mix is needed, which include, in our view, flexible exchange rate,” she said.

IMF, na by force? Your view is not for Africa's independence or progress!

You offer hep with condition, person say hin nor want, na by force?

Who IMF hep don favour before?

http://www.bloomberg.com/news/articles/2015-06-05/angola-central-bank-devalues-currency-as-oil-slide-hits-revenue

http://www.vanguardngr.com/2016/04/angola-hit-collapse-oil-prices-seeks-imf-aid/


http://venturesafrica.com/a-tough-year-awaits-angola-imf/

SEUN KUTI DON TALK AM ................INTERNATIONAL MOTHER F**KERS

IMF PLEASE LEAVE US ALONE, ALL THE MONEY WEY WE DON BORROW FROM UNA BEFORE, E NEVER DO UNA?

SEE ME SEE TROUBLE O

la1:
dear Christine Lagarde; Mr President will not devalue our currency.. you have tried every avenue to convince, cajole and manipulate his decision on this.. Give it a rest already..

I saw her talking on tv yesterday, her face very red as if she will die if Nigeria does not do business with them

who cares anyway

Ok


“Both in terms of fiscal revenue and exports. As a result of that, we have gone public and actually gone to the senate of Nigeria to explain our views, we believe that a more flexible exchange rate is in the interest of the Nigerian population." I dont trust PDP members and Saraki on this.

“If that doesn’t happen, we would continue to see the dual exchange rate, and putting in place a list of those product and services that are forbidden in Nigeria for import purposes, cannot be a substitute to a more flexible exchange rate.”

With due respect to Dr (Mrs.) Lagarde, things have changed in Nigeria.Where is Dr (Mrs.) Okonjo Iweala sef

In my opinion, she is taking this campaign too far, they (IMF) have stopped our loans to finance budget, that should be enough!!!. We are not going to devalue our currency, forget the polished rhetoric language (flexible exchange rate regime). Nonsense

i hate those IMF guys mehn .......

them dey wonder about ... they find who to devour

Greece had economic challenge, euro zone and IMF gave them bailout. Nigeria is going through some challenges due to our past leader financial reckless, they want us to come and borrow.
PMB have refuse to listen to you and have sort for help from the east. You now coming with blackmail and evil propaganda.

Nigeria is always a test-case for these people..if Buhari succeeds with this, other African countries will follow and that is bad business for the IMF.
They'll do their utmost to stop it from working.

If Buhari doesn't do what the 'Jews' IMF tell him to do he'll be in trouble....big trouble!




(the 'Devil's Jews Agent' in action - see her face self!)

[img]http://www4.pictures.zimbio.com/gi/Ngozi+Okonjo+Iweala+IMF+Managing+Director+ylila4V5E4Ul.jpg[/img]

y??

I am proud Nigerians are proving not be as dull as the West thought we were. They have started spreading propagandas and blackmailing the President but it is great that Nigerians are totally aware that these people wants to bring us down. President Muhammadu Buhari is doing all he can to make Nigeria better for all of us and we must unite and support him at this critical time.


#StandWithBuhari
#NoToIMF
#NoToColonialism
#GodBlessNaija
#Naija4Life

“I know it is going to be difficult, and we very much hope that the Nigerian government under the leadership of President Buhari will be able to distinguish the value of moving in that direction, rather than causing the circumstances that can precipitate, a much more difficult decision making process at some stage.

Pikin wey dey do gra gra sey im no go greet him elder... Dem go flog am mercilessly and then im go still waka go greet that im elder.

A word is enough. Boooooohari take note.

History.

V

a

ny

Watching in 5D

Okijajuju1:
Buhari wants IMF to suck his diick..

Personally, I will not support a leader who says other parents should withdraw their kids from foreign schools while his own kids have unlimited access to the nation's forex.

IMF is right on this one.

Although they have been pained by Buhari's China move, however, Nigerian students are now suffering.

Thank God many of them are good people, the news should have started reporting a higher crime rate abroad committed by Nigerian students abroad.

I love this developing mind games between buhari and the west.

Just bcs d president resort to oda means of importing without dollar.....abi

A

Buhari led government is finally making some sense to me.

The West, nay the world is certainly not happy with our huge China romance and they would do whatever they can to play hard ball with us until we stop it.
We've tried many options, including selling ourselves to the IMF and it still hasn't worked. If China works for us, then voila!