IMF, World Bank remedies can’t revive Nigerian economy – Don
The chairman, Board of Trustees (BOT) of the Centre for Transparency Advocacy, Dr. Chima Amadi, yesterday said economic remedies from the International Monetary Fund (IMF) and the World Bank cannot revive the Nigerian economy.
He also said the policies of the two international financial institutions may not be able to raise 200 million Nigerians out of poverty.
He asked the nation to look beyond ideas being imposed by developed countries.
He said developing countries should have the autonomy to choose policies that best suit their conditions.
Amadi, who made the submissions at the 4th National Colloquium in Sokoto, said the nation’s high inflation rate was indefensible.
He said: “Compared with other African and Asian countries, especially Indonesia, which is comparable to Nigeria in most respects, economic development in Nigeria has been disappointing.
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