Lagarde Discusses Low Oil Price, Need For Fiscal Discipline With Buhari

The Managing Director of the International Monetary Fund (IMF), Christine Lagardeon Tuesday visited President Muhammadu Buhari, where they discussed among other things oil price reduction.

“We discussed the challenges ahead, stemming from the oil price reduction, the necessity to apply fiscal discipline and the need to respond to the population needs”, she said while briefing journalists at the State House, Abuja

She also noted that there has been a massive democratic change in Nigeria compared to her last visit.

Christine Lagarde arrived Nigeria on Monday for a four-day official visit.

The meeting is expected to help strengthen the IMF’s partnership with the largest economy in Africa and to discuss how to address Nigeria’s economic challenges and the impact of low oil prices.

According to a statement by the IMF, “Mrs Lagarde believes that Nigeria is working hard to improve its business environment, promote opportunities for growth in the private sector and strengthen social cohesion and all areas where government has an important role to play.”