Kristalina Georgieva praises Nigeria's bold economic measures under President Tinubu, offering support despite ongoing hardships.
At the G20 Summit in Brazil, Kristalina Georgieva, the Managing Director of the International Monetary Fund (IMF), lauded Nigeria’s economic reforms under President Bola Tinubu, emphasizing the country’s bold steps towards long-term growth and stability.
In a statement shared on her social media platform X (formerly Twitter), Georgieva described her recent meeting with President Tinubu as “excellent” and commended Nigeria’s decisive actions aimed at boosting the economy and creating jobs for its population. The IMF chief highlighted the importance of these reforms, which she believes are crucial for steering Nigeria towards a more sustainable economic future.
Her message read: “Excellent meeting with Nigerian President @officialABAT at the #G20 Summit. Commended Nigeria’s decisive actions to reform the economy, accelerate growth and generate jobs for its vibrant population. The IMF strongly supports Nigeria on this journey.”
The reforms that Georgieva refers to include the controversial subsidy removal, exchange rate harmonisation, and a series of fiscal measures intended to attract investment and restore fiscal discipline. While the IMF has expressed strong support for these initiatives, the impact on Nigerians has sparked ongoing debate. High inflation and rising poverty levels have placed a heavy burden on citizens, leading to concerns about the immediate effects of these economic shifts.
Despite the challenges, Georgieva’s comments underline the importance of these reforms in shaping a more resilient and competitive economy in the long term. The IMF has reaffirmed its commitment to assisting Nigeria through this transformative period as the country strives to achieve recovery and sustained growth.
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