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Nairaland Forum / Nairaland / General / Politics / IMF Wants Buhari To Change His Forex Policy (29424 Views)
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IMF Wants Buhari To Change His Forex Policy by femiakinbully(m): 2:57pm On Apr 15, 2016 |
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 2 Likes 1 Share
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Re: IMF Wants Buhari To Change His Forex Policy by Benikuuse(m): 3:03pm On Apr 15, 2016 |
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 16 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by iliyande(m): 3:04pm On Apr 15, 2016 |
if not ![]() 135 Likes 6 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by la1(m): 3:12pm On Apr 15, 2016 |
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.. 92 Likes 3 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by modath(f): 3:15pm On Apr 15, 2016 |
“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/ 72 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by alabiphorlarsha: 3:28pm On Apr 15, 2016 |
SEUN KUTI DON TALK AM ................INTERNATIONAL MOTHER F**KERS 38 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by Goke7: 3:29pm On Apr 15, 2016 |
IMF PLEASE LEAVE US ALONE, ALL THE MONEY WEY WE DON BORROW FROM UNA BEFORE, E NEVER DO UNA? SEE ME SEE TROUBLE O 26 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by Goke7: 3:31pm On Apr 15, 2016 |
la1: 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 104 Likes 6 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by Nobody: 3:33pm On Apr 15, 2016 |
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 ![]() 23 Likes 2 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by vicado74: 3:35pm On Apr 15, 2016 |
i hate those IMF guys mehn ....... them dey wonder about ... they find who to devour ![]() ![]() 13 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by amaechi1: 3:37pm On Apr 15, 2016 |
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. 50 Likes 2 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by stevecantrell: 4:08pm On Apr 15, 2016 |
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. 30 Likes 3 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by modath(f): 4:21pm On Apr 15, 2016 |
stevecantrell: 25 Likes 2 Shares
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Re: IMF Wants Buhari To Change His Forex Policy by Sunofgod(m): 4:26pm On Apr 15, 2016 |
If Buhari doesn't do what the ![]() (the ' [img]http://www4.pictures.zimbio.com/gi/Ngozi+Okonjo+Iweala+IMF+Managing+Director+ylila4V5E4Ul.jpg[/img] 14 Likes 3 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by Emeskhalifa(m): 4:27pm On Apr 15, 2016 |
y?? |
Re: IMF Wants Buhari To Change His Forex Policy by Nobody: 4:28pm On Apr 15, 2016 |
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 81 Likes 3 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by repogirl(f): 4:28pm On Apr 15, 2016 |
“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. 2 Likes 3 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by lifestyle1(m): 4:28pm On Apr 15, 2016 |
History. |
Re: IMF Wants Buhari To Change His Forex Policy by Okijajuju1(m): 4:28pm On Apr 15, 2016 |
Buhari wants IMF to suck his diick.. ![]() 8 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by northvietnam(m): 4:28pm On Apr 15, 2016 |
V |
Re: IMF Wants Buhari To Change His Forex Policy by heybeemoney(m): 4:29pm On Apr 15, 2016 |
a |
Re: IMF Wants Buhari To Change His Forex Policy by IamPatriotic(m): 4:29pm On Apr 15, 2016 |
ny |
Re: IMF Wants Buhari To Change His Forex Policy by Lilimax(f): 4:29pm On Apr 15, 2016 |
Watching in 5D ![]() |
Re: IMF Wants Buhari To Change His Forex Policy by Lilimax(f): 4:30pm On Apr 15, 2016 |
Okijajuju1: ![]() 1 Like |
Re: IMF Wants Buhari To Change His Forex Policy by VocalWalls: 4:30pm On Apr 15, 2016 |
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. 10 Likes 2 Shares |
Re: IMF Wants Buhari To Change His Forex Policy by Chubhie: 4:30pm On Apr 15, 2016 |
I love this developing mind games between buhari and the west. 8 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by sulabu: 4:30pm On Apr 15, 2016 |
Just bcs d president resort to oda means of importing without dollar.....abi 11 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by drslimtommy: 4:30pm On Apr 15, 2016 |
A |
Re: IMF Wants Buhari To Change His Forex Policy by engrflames: 4:31pm On Apr 15, 2016 |
Buhari led government is finally making some sense to me. 34 Likes |
Re: IMF Wants Buhari To Change His Forex Policy by Nobody: 4:31pm On Apr 15, 2016 |
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! 21 Likes 2 Shares |
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