A preferred economist and former President of the Council of Chartered Institute of Bankers, Prof Segun Ajibola, has warned President Bola Ahmed Tinubu’s administration to be careful about economic prescriptions from the International Monetary Fund and the World Bank.
Ajibola disclosed this to Media Talk Africa on Monday.
His response comes amid the IMF’s current recommendation to the Federal Government to boost taxes to deal with fiscal challenges.
However, Prof Ajibola warned that the Federal Government should completely consider the prescriptions of the IMF.
According to him, the IMF or World Bank’s prescriptions for Nigeria hardly think about the welfare and peculiarities of creating nations.
“The IMF and the World Bank prescriptions need to be evaluated whenever such are advised to Nigeria. This is because such prescriptions hardly recognise the welfare conditions of the citizens of countries in the developing world,” he stated.
