The International Monetary Fund (IMF) has urged the Nigerian government to fast-track the completion of its cash transfer programme to support vulnerable households amid ongoing economic reforms. IMF Communications Director, Julie Kozack, emphasized that while Nigeria's efforts to stabilize its economy are commendable, policies must also protect the country’s poorest citizens.
IMF’s First Deputy Managing Director, Gita Gopinath, recently visited Nigeria and met with key officials, including Finance Minister Wale Edun and CBN Governor Yemi Cardoso. She also engaged with civil society groups and private sector stakeholders.
IMF representatives will return next week for the 2025 Article IV Consultation, an assessment of Nigeria’s economic policies. The Fund has consistently urged Nigeria to expand its cash transfer programme, particularly in rural areas, to alleviate rising poverty and food insecurity. Similarly, the World Bank has stressed that cash transfers are crucial in helping Nigerians escape poverty amid inflation and weak economic growth.
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