January 24, 2025 - 12:26
Nigeria's Finance Minister, Wale Edun, has expressed the country's ongoing pursuit of more favorable terms from multilateral institutions, including the International Monetary Fund (IMF). Speaking at a panel discussion during the 2025 World Economic Forum in Davos, Switzerland, Edun voiced his concerns regarding the current arrangements with the IMF. He emphasized the need for Nigeria to negotiate better conditions that align more closely with its economic realities and developmental goals.
Edun's remarks highlight a growing sentiment among Nigerian officials who believe that existing agreements may not adequately support the nation's aspirations for sustainable growth. The Finance Minister's comments come at a crucial time when many countries are reevaluating their relationships with international financial institutions, seeking to ensure that terms are not only beneficial but also conducive to long-term economic stability. As Nigeria navigates its economic challenges, the call for improved terms reflects a broader desire for a more equitable partnership with global financial entities.
