Nigeria: IMF's Visit - Learn From IBB's Pitfall, Jimoh Ibrahim Warns Buhari

Group Managing Director, Energy Group, Jimoh Ibrahim has warned President Muhammadu Buhari to be wary of the IMF's current visit to Nigeria describing it as an economic bait that will do Nigeria no good.

This is even as he enjoined President Buhari to learn from the pitfall of Nigeria's former Military President, Ibrahim Badamosi Babagida (IBB), when he handed over the economy to IMF by taking specific loan only for the economy to be destroyed with IMF's painful colonial conditionalities, reports National Mirror.

According to Ibrahim, the visit of IMF's Managing Director, Christine Lagarde is a means of campaigning for economic conditionalities even at a time when Nigeria, like some oil producing countries, needs assistance and support to continue to put into implementation government policies.