The Resident Representative of the International Monetary Fund (IMF) for Nigeria, Ari Aisen, has emphasized that lower inflation rates and a more predictable exchange rate are key factors that can attract increased investments into the country.

During his appearance on Arise News Television’s Global Business Report show, Aisen discussed the potential for Nigeria’s economic growth and the importance of policy measures to reduce the government’s financing needs.

Aisen stated, “If inflation can be reduced and exchange rates become more stable, it will encourage investments to flow into Nigeria.

The country holds great potential, and opportunities are emerging.”

He underscored the significance of implementing fiscal policies aimed at reducing the government’s financial obligations.

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Aisen commended the removal of fuel subsidies, noting that it previously accounted for two percent of the GDP and contributed to the country’s debt burden.

While acknowledging that Nigeria is undergoing a period of transition that may entail some challenges, Aisen stressed the importance of safeguarding the welfare of the poor and vulnerable during this process.

He urged both the government and the private sector, particularly the elite, to collaborate in finding solutions that do not disproportionately burden the most vulnerable segments of society.

Aisen expressed confidence that, once this transition is successfully managed, foreign and domestic investments will return to Nigeria.

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This renewed investment, he explained, would lead to higher economic growth, job creation, and inclusiveness, benefiting all strata of society.

Regarding Nigeria’s total debt, which exceeds N87 trillion, Aisen maintained that it remains at a moderate level compared to many other countries.

He urged Nigerians to focus on addressing the underlying issues contributing to this debt situation rather than fixating solely on the debt figure.