Business News
Nigeria’s economic reform gets international support
Jul 31, 2003, 22:14
| | The United Kingdom, the World Bank and the International Monetary Fund (IMF) have expressed satisfaction and support for Nigeria’s reform agenda aimed at transforming the economy.
The Special Adviser on Economic Matters, Professor Charles Soludo, disclosed this while speaking on the recent visit of President Obasanjo to Britain.
Professor Soludo said the World Bank and the IMF have agreed to offer concession on debt relief based on certain conditionalities on Nigeria’s economic program, commitment and evidence of resolve in implementing them.
He said there would be another round of meeting in November where both sides will appraise the extent of progress made.
The London meeting also agreed on a number of issues which include:
.Partnership in Fighting Corruption
.Promoting Transparency in the oil sector
.Reduced development assistance.
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