JamzNG Latest News, Gist, Entertainment in Nigeria
International Monetary Funds (IMF) on Thursday urged the Nigerian government to accompany economic stabilization policies with social welfare programs targeted to support the most vulnerable population in the country.
IMF Communication Director, Julie Kozack, made a call during a routine press conference at the IMF headquarters in Washington, DC.
Kozack acknowledged the challenges faced by many Nigerians and emphasized the importance of support programs for vulnerable households.
He said: “The policy of the authorities to stabilize the economy and promote growth was welcomed.
“However, they must be accompanied by social transfer targeted to support the most vulnerable population. We recognize the very difficult situation faced by many Nigerians.”
Also read: NLC Urges IMF, World Bank to Record the Loan Approach
He urged the federal government to prioritize the completion of cash transfer to vulnerable households and increase domestic income mobilization
Kozack also announced that the IMF staff would visit Nigeria next week to prepare for consultation Article IV 2025.
Under Article IV Article of the IMF Agreement, the IMF conducted an annual bilateral discussion with member countries.
As part of this process, the staff team visited the country, gathered economic and financial data, and was involved with officials about economic policies and developments.
Join the conversation
Supports Nigeria’s ripples, resistant Journalism Solutions
A balanced and fearful journalism that is driven by data comes with enormous financial costs.
As a media platform, we ask for leadership accountability and will not trade the right to suppress freedom and freedom of speech for a piece of cake.
If you like what we do, and ready to uphold journalism solutions, friendly Nigerian ripples cause.
Your support will help ensure that residents and institutions continue to have free access to credible and reliable information for community development.
Donation now
