The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, the Governor; Central Bank of Nigeria (CBN), Olayemi Cardoso and Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun, have pledged to continue to work together to scale up social spending, improve food security and promote inclusive growth in Nigeria.
Georgieva, also reiterated her support for Nigeria’s economic reforms.
The IMF boss said these at a closed-door meeting yesterday, with Cardoso, Edun, Deputy Governors of the CBN and some top officials of the Ministry of Finance, on the sidelines of the ongoing IMF/World Bank meetings in Washington DC.
“Great meeting with Nigeria @FinMinNigeria Minister Edun and @cenbank Governor Cardoso. I applauded the Nigerian government’s economic reform efforts. We strongly agreed on the need to scale up social spending, continue efforts to improve food security and promote inclusive growth,” Georgieva wrote on her official X handle.
Meanwhile, the IMF has revised Nigeria’s economic growth projections for 2025 and 2026 downwards, reflecting growing global uncertainties and sustained weaknesses in oil prices that continue to weigh heavily on Africa’s largest economy.
