A renowned economist and former President, Council of Chartered Institute of Bankers, Prof Segun Ajibola, has admonished President Bola Tinubu’s administration to be wary of economic advises from the International Monetary Fund and the World Bank.
Ajibola disclosed this on Monday in reaction to the IMF’s recent advice to the Federal Government to raise taxes to tackle fiscal challenges.
The popular economist, however warned that the Federal Government must thoroughly evaluate the advises of the IMF.
He said the IMF or World Bank’s prescriptions for Nigeria hardly consider the welfare and peculiarities of developing countries.
“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 said.
