The Buhari Media Organisation (BMO) has applauded the International Monetary Fund’s (IMF) rare positive assessment of Nigeria’s economic policies (IMF).
BMO stated in a statement signed by Chairman Niyi Akinsiju and Secretary Cassidy Madueke that it is yet another proof that President Muhammadu Buhari’s administration is doing something right on the economic front.
“It is not every day that a country like Nigeria receives such praise from an organization like the IMF, which is notoriously stingy with accolades.”
“This is why many were pleasantly surprised to hear the Washington, USA-based organization acknowledge in its preliminary findings at the end of an official visit to Nigeria that the government’s policies were instrumental in the country’s swift exit from recession in the last quarter of 2020.”
“We see it as an endorsement of the steps the Buhari administration has been taking on the economy, contrary to the jaundiced opinions of some individuals and groups,” it said.
BMO also acknowledged the IMF’s position on the need for additional reforms in fiscal policies, exchange rate management, trade, and governance.
“It is undeniable that there are still challenges to be overcomed, and we dare to say that the Buhari administration has never claimed that everything is peachy.”
“As for the IMF’s demand for the abolition of all fuel and electricity subsidies early next year, Nigerians know they have a President who will not willingly subject them to hardship.”
“We are confident that, as he has always done, he will make the best decision in the national interest,” it said.
BMO urged Nigerians to continue to back the Buhari administration’s efforts to build a more resilient economy.