Nigeria must end reliance on oil to fight poverty – IMF

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The Managing Director of the International Monetary Fund, Ms Kristalina Georgieva, has said that there is a need for the Federal Government to diversify the economy from the oil in order to reduce the

level of economic vulnerabilities currently facing the country.

In the area of revenue, she said, “Nigeria matters to the whole of Africa. When Nigeria does well, Africa does well. What we see however is that economic recovery remains still too slow to reduce vulnerabilities and most importantly to reduce poverty in the country. She said the IMF had always recommended an increase in tax revenue to Gross Domestic Product to 15 per cent, adding that at this level, the government would be able to finance its programmes.In the area of economic diversification, Georgieva said, “We have been consistently recommending the country to diversify the economy because reliance on oil does not serve very well and that means to continue with structural reforms that would make that possible.

 

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Do they have sense? Mtchewww

You are not seeing the agric Revolution?

The truth

NOPE, we need to make politics and governance about service.

Everyone know that but when you are faced with a population which cherish their own “worthless highs” more than morality then you have 🇳🇬 and a problem. Nigerians would rather live in the delusions of “a whole me,i don big pass dis and dat” than dignity. It is why they steal

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