JUST IN: IMF approves Nigeria’s $3.4 billion emergency loan request

  • 📰 PremiumTimesng
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 78%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

The International Monetary Fund (IMF) on Tuesday approved a $3.4 billion loan request by Nigeria to help cushion the impact of the deadly coronavirus

The executive board of the Fund gave the approval under the Rapid Financing Instrument to support the government’s efforts to address the devastating of impact of COVID-19.

On April 6, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said at the formal launching of the N500 billion fiscal stimulus measures in response to the COVID-19 pandemic that the request was part of a number options the country was exploring raise funds to salvage the economy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Please ooo IMF don't grant Nigeria govt loan oooo.

Fake news.

Another money to share among themselves

They are culpable to our collapsing Economy by approving such loans to this weak regime and hence the money end up been looted

Borrowing for consumption.

This is work of My mommy Dr Ngozi Okonjo iweala. The most intelligent woman in Africa.

Are we the only country in the world. Why we borrow like this while other nation strive and survive.

Ay_bkini They about to me rich rich off Covid-19 and call us poor again

I hear theres a major caveat, which is for Nigeria to devalue her currency.

Iamprosperous1 Sinzu thinking of how to split the bread with his goons

IMFNews IMFLive imfcapdev please, we the people of Nigeria kindly request that you rescind that loan request.

WHHYYYY? IMFNews

Is it loan? I saw Ajuri post attacking punch for calling FGN drawing from their contribution as loan.

Next level nonsense

Please it's not a loan!!! Journalists shouldn't be misleading the public. It's our money that we have there. If you apply to your bank to give you part of what you've saved in the bank, if they grant it, would you call it loan?

N1.2 trillion will be an excellent addition to the economy in this period of global crisis👏

Buhari just really want to finished d future of Nigeria and unborn generation.

sadeeqmubi Grant Ke? Check well bro! These guys are not Father Christmas.

Our grand children will pay this debt. Just as we are paying the sins of our forefathers so will our descendants pay for ours. Will it ever get better?

It is not a loan request - it is our deposit!!!!

Another one! How much do you say crude oil is sold again?

Ghen ghen

Enemies of the poor Nigerians

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

IMF may approve Nigeria’s $3.4bn loan todayAre they mad? Why, so it will burn or get missing or one story will pop up again Sinzu go happy
Source: MobilePunch - 🏆 8. / 63 Read more »