IMF Managing Director, Ms Christine Lagarde made a case for the financial sector to channel funds to the real sector for economic development that will impact the lives of ordinary Nigerians.
IMF Managing Director, Ms Christine Lagarde
The Managing Director of International Monetary Fund, Ms Christine Lagarde has met with the Central Bank of Nigeria Governor, Mr Godwin Emefiele, top officials of the CBN and Bank Managing directors to discuss issues bordering on the development of the nation’s financial sector and further ways to help stabilize the economy.
The meeting took place on Wednesday at the headquarters of the apex bank in Abuja and lasted for more than an hour.
Addressing newsmen after the meeting, Lagarde said there was need for the financial sector to channel more funds to the real sector of the economy.
She however expressed optimism that the banking sector will do its best to boost the economy. Lagarde revealed that banks must consider lending to the real sector and it has to be on reduced rate in a bid to encourage the sector.