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IMF Chief, Lagarde ‘Impressed’ With Buhari’s Response to Low Oil Prices

1 Min Read

International Monetary Fund chief Christine Lagarde has tweeted her reaction after meeting President Muhammadu Buhari in Abuja.

Lagarde stated that she was ‘impressed with government’s response to challenge of sustained, low oil prices.”

Vice President Yemi Osinbajo, Minister of Power, Works and Housing, Babatunde Fashola, Minister of Transportation, Rotimi Amaechi was also pictured.

Buhari recently announced a record budget for 2016, forecasting a doubling of the deficit to 2.2 trillion naira ($11 billion) and a tripling of capital expenditure intended to help the country adjust to the downturn in oil, which has lost around two-thirds of its value since mid-2014.

Lagarde will also visit Cameroon, where she will meet President Paul Biya and his economic team.

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