IMF/WTO: Nigeria’s economy suffers from corruption, disregard for rule of law

The International Monetary Fund (IMF) and the World Trade Organisation (WTO) both have a remit to monitor and review the economic developments and policies of their members. The aim, for the IMF, is to ensure that countries manage their economies and finances well to prevent a domestic financial instability and, through a contagion, a global one. For the WTO, the aim is to make sure none of its members pursues autarkic, beggar-thy-neighbour trade policies that could harm their economies and those of other members, upending the global economy. A