BREAKING: Lagarde meets CBN Governor, bank MDs

Christine Lagarde

The Managing Director, International Monetary Fund, Ms Christine Lagarde on Wednesday met with the Governor of the Central Bank of Nigeria Mr Godwin Emefiele to discuss issues that have to do with the development of the nation’s financial sector.

The meeting, which was held at the headquarters of the apex bank in Abuja, lasted almost two hours and was also attended by Managing Directors of Deposit Money Banks as well as other top officials of the CBN.

Lagarde who addressed journalists shortly after the meeting in company of the CBN boss said there was need for the financial sector to channel more funds to the real sector of the economy.

As the driver of growth in any economy, the IMF chief said lending by banks to the real sector should be done at concessionary terms.