Finance minister defends NSIA against poor rating by IMF | The Guardian Nigeria News - Nigeria and World News

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Finance Minister, Zainab Ahmed, reacts to poor rating of Nigeria’s Sovereign Wealth Fund, says the rating is misleading and inaccurate because the NSIA did not receive commendation from President Buhari on account of the Agency’s transparency and probity.

• As IMF Retracts, Clarifies Rating Is About ECA, Not SWF

The publication, however, named Ghana ‘s Fund as the second best transparently ran fund in the world, after Colombia’s. The Fiscal Monitor publication attributed its source for grading as Natural Resource Institute 2017 and Worldwide Governance indicators. According to the IMF Nigeria Senior Country Representative, Mr. Amine Mati, the misrepresentation was unfortunate and assured that the Fund would take stock to correct the mistake during the course of the Spring Meeting. He said: “In view of recent local media reports, I would like to clarify that the reference to the SWF included in Figure 2.16 of the IMF’s Fiscal Monitor showing a low ranking for Nigeria does not refer to the NSIA.

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Nigeria’s SWF is one of the lowest & poorly managed in the world. Coincidentally, had a chat with my brother over this a week before that report was released by IMF.

This administration finds fault with any organisation that doesn't commend it. That attitude is responsible for most of Nigeria's current economic woes

Why do we in NIGERIA think our ratings by reputable international orgs are wrong? We should rather look at improvements

What good has IMF done for any country? Causing confusion everywhere.

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