Nigeria Doesn’t Require Funding Support from IMF

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Governor of Central Bank of Nigeria (CBN), Olayemi Cardoso, has announced that Nigeria currently does not need any concessionary funding intervention from the International Monetary Fund (IMF), as it has access to enough exposures from different areas that should be able to see the country through.
Speaking in a 20-minute interview Cardoso with a media outfit, Cardoso also disclosed that the country’s total foreign exchange (FX) inflow hit $24 billion in the first quarter of the year.
He said the problems with Nigeria were only temporary, adding that recent policy efforts by the fiscal authorities are adequate to increase revenues and tax to Gross Domestic Product (GDP).

Written by: bossgmsi

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