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From Adesuwa Tsan, Abuja
The Senate will hold an interaction with officials of the International Monetary Fund (IMF) as part of consultations on Nigeria’s economic outlook and reform programmes introduced by the administration of Bola Tinubu.
It is expected to form part of the IMF’s ongoing Article IV Consultation with Nigeria and will provide an avenue for discussions on the country’s economic management, as well as possible support for the Federal Government’s reform efforts.
In a notice circulated to senators, the Clerk of the Senate, Emmanuel Odo, disclosed that the IMF mission to Nigeria scheduled the consultation exercise to run from March 4 to March 17.
The communication read during plenary by the Deputy Senate President, Barau Jibrin, said the IMF team would, within the period, hold consultations with several government institutions and had specifically requested a high-level engagement with the leadership of the Senate.
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Part of the notice read: “Article IV Consultation exercise. The Federal Office of Finance wishes to inform the leadership of the Senate and distinguished senators that at the instance of the Federal Government of Nigeria, the International Monetary Fund Article IV Consultation in Nigeria has been scheduled to hold from March 4 to March 17.
“The IMF mission team will engage select government institutions in meetings. Accordingly, it has requested a high-level meeting between the President of the Senate and the IMF mission team during which it intends to engage the Senate on matters of economic management.”
It added that the interaction would centre on Nigeria’s economic outlook and possible areas of support for the Federal Government’s ongoing reform initiatives.
“The meeting is expected to provide insights on Nigeria’s economic outlook and how the IMF can establish support for the ongoing reforms of the Federal Government,” it stated.
To ensure broad legislative input, chairmen of key Senate committees have been asked to attend the meeting. They include the committees on Banking, Insurance and Other Financial Institutions; Appropriations; Capital Markets; Finance; Petroleum Resources (Upstream); National Planning and Economic Affairs and Public Accounts.
