President Bola Tinubu has reaffirmed his administration’s dedication to prioritizing the welfare of Nigeria’s most vulnerable citizens, even as the country’s economic reforms begin to yield positive results.
In a meeting with the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, on the sidelines of the G20 Leaders’ Summit in Rio de Janeiro, Brazil, President Tinubu acknowledged that his reforms have had unintended consequences, including weakened purchasing power for Nigerians.
However, he assured the IMF that his administration will continue to provide social safety nets to cushion the impact of these reforms. President Tinubu emphasized the importance of educational access, noting that education is a key factor in lifting people out of poverty. He expressed his commitment to designing incentives to keep children in school and solicited the IMF’s support for this initiative.
The IMF has expressed strong support for the Federal Government’s policy actions aimed at reforming the economy, accelerating growth, and generating jobs. President Tinubu appreciated the IMF’s backing and called for more institutional support to ensure stability and sustainable growth.
