Speaking at the National Economic Dialogue on ‘Critical Challenges Confronting the Nigerian Economy’ organized by the Nigerian Economic Summit Group (NESG) in Abuja. Resident Representative of IMF, Mr Ari Aisen posited that Nigeria as a big economy can pay its debts if the funds gets properly channeled into good use.
He said that without the financing, Nigeria may not pay salaries and arrears of salaries. Also, the country may not tackle emergencies.
“When you face a shock, you need someone to lend you a hand. Of course, you will pay your debt. There is no doubt that Nigeria with a big economy will repay its debt and will pay all its creditors. I think it’s very important that we keep that in mind.
“It’s important for Nigeria to have development partners that can provide financing in times of need. There should not be any shame in requesting for help either during emergencies or out of emergencies. Of course, the right economic policy developed. In IMF we advise people to develop capacity” he explained
On the question of taxation, IMF advised the government to develop a tax system that is progressive. Aisen said that the government should make tax payment easy for Nigerians and develop trust among the citizens.
-Sunnewsonline.