The head of the International Monetary Fund (IMF) has endorsed Nigeria’s efforts to tackle corruption in the country.
Christine Lagarde said the country needed to reduce its reliance on oil as a sharp drop in prices has already taken its toll on the economy.
After meeting with President Muhammadu Buhari, Lagarde also called for greater flexibility in the country’s exchange rate regime.
The move has fuelled speculation that a devaluation of the naira could be imminent.
The central bank has previously resisted calls to devalue the naira, which has been allowed to fall about 20% since the beginning of 2014.
Speaking about Buhari, Lagarde said: “His determination to bring about transparency and accountability at all levels of the economy were very important agenda items.”
Buhari was elected in March last year after campaigning on a promise to clamp down on corruption in the oil and gas industry.