Receiving the Managing Director of the International Monetary Fund (IMF), Ms Christine Lagarde at the Presidential Villa, President Buhari said that his administration will also enforce greater discipline, probity and accountability in all revenue generating agencies of the Federal Government, the presidency said in a statement.
“We have just come out of budget discussions after many weeks of taking into consideration the many needs of the country, and the down turn of the economy with falling oil prices and the negative economic forecasts,” presidential spokesperson, Femi Adesina, quoted Mr. Buhari as telling Ms. Lagarde.
“We are working very hard and with the budget as our way forward, we will do our best to ensure that our country survives the current economic downturn.
“We have also told all heads of Ministries, Departments and Agencies of government that on our watch, they will fully account for all funds that get into their coffers.”
The President said the Federal Government was reviewing its operational costs and had directed all the Ministries, Departments and Agencies to cut down on their overhead costs.
President Buhari said the Federal Government will welcome the technical support and expertise of the IMF for its plans to diversify the Nigerian economy and further unleash its growth potentials.
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