- International Monetary Fund (IMF) head, Kristalina Georgieva-Kinova, lauded President Tinubu's economic reforms as decisive actions
- The reforms were said to pave the way for accelerated growth and job creation in Nigeria
- TheRadar compiled public reactions following Kristalina Georgieva-Kinova’s statement below
Nigerians have voiced their reactions following a statement from the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva-Kinova, who praised President Bola Tinubu's economic reforms.
Georgieva-Kinova made the remarks on Thursday, November 21, after meeting with Tinubu at the G20 Summit in Rio de Janeiro, Brazil. In a post shared on her official X account (formerly Twitter), she lauded the Nigerian leader for taking "decisive action" to fix the country's economy.
Nigeria's reforms set to boost growth, job creation - IMF
The IMF Managing Director also expressed the institution's commitment to "strongly" support Tinubu's administration in implementing these reforms.
She emphasised that the changes would generate new employment opportunities for Nigerians.
“Excellent meeting with Nigerian President @officialABAT at the #G20 Summit.
“Commended Nigeria's decisive actions to reform the economy, accelerate growth and generate jobs for its vibrant population. The IMF strongly supports Nigeria on this journey,” Georgieva-Kinova stated.
However, Georgieva-Kinova's comments have sparked a range of reactions among Nigerians, many of whom are grappling with the ongoing rise in inflation and a worsening cost of living.
Nigerians react following IMF backing for Tinubu’s reforms
TheRadar compiled the public reactions to the IMF's endorsement of Tinubu’s reforms below:
Birdlife Unfiltered said, “Una IMF seemingly speak with "both sides of the mouth" regarding the reforms in Nigeria. Initially, there was acknowledgement from the IMF that President Tinubu's economic reforms were not delivering the expected outcomes, as highlighted in their reports.
“Now, commendation for these same reforms and an optimistic view on job creation? This inconsistency raises questions about the clarity and perhaps the political nuances of international economic advisories.
“It's crucial for such bodies to provide consistent and actionable feedback to ensure that economic policies are not only well-intentioned but also effective on the ground. Nigerians deserve transparency and a coherent strategy for economic improvement, not mixed messages.”
“So a Deputy Director representing the IMF in Nigeria said the policy reforms are not working, the APC and Tinubu ran quickly to bring their madam that is not in Nigeria to come and debunk what her colleague said. APC we know the game and we are not fooled anymore, DinnahArthur07 stated.
“Nigeria's President shdn't be distracted, whether by sectional accolades/criticism or international praise singers.IMF was reported to hv condemned the reforms it instigated that they are not working. An IMF Director is here praising same reforms,in the face of mass suffering,” Emma. O Akpasubi reacted.
“He's going lobbying these people and he's here taking wicked fiscal policy measures. He's borrowing so much and yet increasing the tax ra,” Jamais vu reacted.
“IMF and lies na 5&6,” Just Yemi stated.
“Generate jobs in Nigeria when companies are closing down? Make una Dey play,” Mike Wisdom stated.
“Just a week ago IMF says reform bills not working, now they will bring jobs for people? Who's more confused?,”Adebayo Austin stated.
Tinubu confirms progress of Nigeria's economic plan, praises Customs for driving growth
Meanwhile, TheRadar earlier reported that President Bola Tinubu affirmed that his economic vision was progressing as planned.
Dr Ngozi Okonjo-Iweala called for continued reform in risk management and trade policy, and urged alignment with global best practices.