International Monetary Fund (IMF) Chief, Christine Lagarde, has arrived to Abuja for a four-day visit to open talks with policy makers and top officials from Nigeria and Cameroon on economic developments affecting both countries and the West African sub-region, PremiumTimesNg reported .
While in Abuja, Lagarde will meet with President, Muhammadu Buhari, Minister of Finance, Kemi Adeosun, and Central Bank Nigeria (CBN) Governor, Godwin Emefiele, along with members of the National Assembly, top business leaders, and civil society representatives. She will discuss possible ways in which the IMF can partner with the nation in order to improve its economy, DailyPostNg reported.
The IMF has been critical of some policies of the Buhari administration, particularly the CBN’s monetary policy on restriction of access to foreign exchange that was aimed at strengthening the national currency, Naira, and stabilizing the Nigerian economy. The CBN had removed 41 items from accessing its foreign exchange window on grounds that they could easily be produced in Nigeria rather than spending country’s reserves on imports.