Sen. Jimoh Ibrahim, representing the Nigerian Senate at the World Bank Parliament in Washington, D.C. has challenged the International Monetary Fund (IMF) Managing Director, Mrs Kristalina Georgieva regarding the negative comment on the Nigerian economy, questioning what President Bola Tinubu had done wrong with the reform.
Sen. Ibrahim remarked that misleading statements harm the economy and could create instability in domestic management.
In response to Sen. Ibrahim’s comments, Georgieva expressed regret over the organisation’s unfavourable remarks.
“We shall be mindful of our comments on Nigeria from now on. We are your IMF; we are sorry again.” Georgieva said.
The Senator thanked the IMF Managing Director for her straightforward comments and accepted her apology on behalf of the nation.
Sen. Ibrahim, however, highlighted the international community’s need to acknowledge Tinubu’s initiatives, especially concerning tariff regulation, the ratio of GDP to revenue, cash flow management relative to GDP, and debt repayment.
He stated that Tinubu’s achievements should be considered a success for Africa, warranting worldwide support.