The Minister of Finance, Mrs Kemi Adeosun, says Nigeria will overcome its economic challenges without taking loan facility from the International Monetary Fund (IMF). In a statement issued in Abuja on Saturday, Adeosun made the observation at the ongoing Spring Meetings of the IMF – World Bank in Washington DC in response to why the government has refused to apply for IMF loans.
The statement quoted the Minister as saying that Nigeria was adapting to its new realities by implementing fiscal policies to steer the country back on track for stable growth with a diversified economy. Signed by the Special Adviser to the Minister on Media, Mr Festus Akanbi, the statement said the minister expressed optimism that sound fiscal policies and investments would boost Nigeria’s economy by 2017.
Adeosun insisted that what the country was passing through was surmountable because government was already applying a “cocktail of measures to address the problem.