A popular economist and former President of the Council of Chartered Institute of Bankers, Prof Segun Ajibola, has said the International Momentary Fund, IMF or World Bank’s prescriptions for Nigeria and other developing countries hardly consider the welfare and peculiarities of the countries.
Ajibola stated this while warning President Bola Ahmed Tinubu’s administration to be careful about economic prescriptions from the International global financial institutions
The economist, who disclosed this to DAILY POST on Monday was reacting to the IMF’s recent advice to the Federal Government to raise taxes to tackle fiscal challenges.
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According to him, “The IMF and the World Bank prescriptions need to be evaluated whenever such are advised to Nigeria. This is because such prescriptions hardly recognise the welfare conditions of the citizens of countries in the developing world,”
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