How Nigeria can get out of economic crisis - IMF boss

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...towards a better life for the people

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VOL. 25: NO. 62666

ONLINE | www.vanguardngr.com

N150

THURSDAY, JANUARY 7, 2016

1, 500 traders displaced $2.1bn arms probe a hoax, aimed to destroy as Lagos demolishes 38-yr-old Oshodi market PDP— Dokpesi 16 42

How Nigeria can get out of economic crisis—IMF boss •Calls for removal of Fuel Subsidy, increase in VAT •Says Debt profile killing Nigeria, warns against borrowing •Silent on devaluation, calls for the adoption of a flexible monetary policy •Nigeria recorded slowest growth in 2015. •Urges NASS to come up with laws that will address corruption

By Henry Umoru, Michael Eboh & Joseph Erunke

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B U J A — MANAGING Director, International Monetary Fund, IMF, Christine Lagarde has asked Nigeria and Nigerians to brace up for harder times, following the massive fall in the price of oil globally, just as she said that the country since inception recorded the slowest pace of growth in the year 2015. Lagarde, who called for increase in Value Added Continues on Page 6

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COLUMNISTS:

FEC MEETING—From left: Minister for Solid Minerals Development, Kayode Fayemi; Minister for Transportation, Rotimi Amaechi; Sports Minister, Solomon Dalung and the Minister of State for Solid Minerals Development, Bawa Bwari during the meeting of the Federal Executive Council at the State House, Abuja, yesterday. Photo: Abayomi Adeshida.

I collected N53m from Anenih — YAKASSAI 35


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