The Federal Government said it will use the funds, which was approved under the Rapid Financing Instrument by the Executive Board of the IMF on April 28, to address challenges arising from the economic impact of the COVID -19 in the country.on Tuesday that the $3.4bn had been credited to the account of the Central Bank of Nigeria.
The government also agreed to allow the IMF to conduct a due diligence exercise on the CBN, in line with the Fund’s safeguards assessment program.Georgieva reportedly explained that Nigeria has met and exceeded the safeguards for the disbursement of the funds. According to her, the money was sent to the CBN’s account in dollars, after which it would be converted to naira.
“We have already disbursed. In emergency assistance, the board approves, we disburse within days to the country and it goes to their central bank in dollars before it gets converted into naira in the case of Nigeria.“Repayment period is five years, up to two and half years is grace period and the interest on the loan is one per cent,” she said.“We have put in place policy tracking action, and we are seeing progress each country is making.
“The IMF will continue to support countries and shield them from catastrophic implications of the COVID-19 crisis,” she said.
Who even that is giving Nigeria loans should please give each citizens their share of the loan. Don't want my future generation to pay what their parent didn't eat oh. The children of the criminals won't even care like their fathers and mothers.
Seeing this kind of post will give someone a heart attack. That's how they will continue to loot every single resources that is available to them. This kind leadership is what we call pure zalincism
Humbly soliciting for your support/assistance of the poor masses ! Especially women that has been abandoned to maximal responsibilities!
☹️ Another One in Khalid's voice
May God deliver us
Subhanallah... Another loan burden... Our leaders are technically killing our generations. Believe me this loan, definitely it cames with conditions that indirectly it will affect the economy of the country. Wait and seeeee the repercussions...!!!
Our cenbank should b rejecting money by now , cos we've got too much at hand to spend . . Abacha jus do hin own wire , IMF too
This is getting too much... When will all the loan be paid , who will pay it? E be things for 9ja oo
Goodbye, Nigeria
What for again
Everyone should brace up for increased electricity tariffs come 2021.....Na so we go take pay the debt. Mind you, I'm not referring to the proposed increase by NERC which was supposed to be implemented on April 1.
It is finished
Thie country is finally finished..
Loan again? Wea is the the Abacha loot that was given to ur dear country? Bubu is just shinning, issokay!
IMF nextime when you want to give load to Nigeria pls share per person my children will not work for money there father didn't eat Nigeria leaders are thief's
Another loans again..... It is a curse of Nigeria government to always applying for loans....😭😭😭😭😭😭
Again? All this money in one week God when 😞😞😞
ALOOTER CONTINUA😂😂😂
🙆🏽♂️ tell me it’s not true!
Una well done oh you guys should keep on disbursing this audio Money oh
Another Cash out Sinzumoney abeg give me the change ontop now 😆😆
We move!!
Lol did we tell them we need an emergency Loan? We self fit loan IMF self
...and the history goes on and on! I fear for the future of Nigeria.
Stop calling it loan o Because Na Babu and d cabal una dash money o
Sinzu cashing out everyday
Na wa ooooo
God why all this na
Where all this money Dey go sef.... Nawa ooo
Awon Weyrey! Dem go loot and devour d money like vultures. These APC government is cursed with looting. There is Lootocracy in their DNA
Ehen wonderful 👏 ANOTHER ONE! WE THE BEST!!
You guys disbursed the loan to your self leaders not we Nigerian civilian
To relooted by MBuhari and OfficialAPCNg
Christmas has come early for some top government officials
Why IMF dey waste money like this? We no need the money now
Next thing, we will hear of a compulsory vaccination bill again. Or Corona virus test with Nigerians
Dear Nigerians, I am here to let you know that THIS IS A LOAN!!! It will be paid back. Regards.
We are in deep trouble !!¡!!!!!!!!
It's a period of credit alert to this inept government, from Abacha loot to IMF loan. Hope they have change of heart and utilize these monies properly!
Loan ke
Our country has already been sold out to debt. Nigeria is in debts, yet the citizens didn't receive 1kobo
🤦🏽♀️
Where all this money dey go
We have heard na.....Gbese
Naija don make am ooooooooo
Lia lia Muhammad we have already disposed it to the poor Nigerians
Strategies already ongoing to distribute and loot as usual... 😜
What about the $311million abacha loot
These people and borrowing.
All these money, they r all audio, CHAI, NIGERIA
Wrong move,, looters will get to work now.
Sinzu ijo cash out na u dey reign oooo🙌🙌🙌
All these loans this administration is collecting, who will pay for them and how will these loans be paid back
I pity the next president of this miserable country
Spending
Let just pray the military take over this country again cos democracy has scam us all... no good thing to talk about democracy in Nigeria ... 70-year-old Man Arrested For Insulting President Buhari In Katsina Sentenced to 18 Months Imprisonment. In his home state!
That man up there will ruin this country!
Why.... Abacha has given us some money now why the loan again..?
Sinzu money looking at what he cares for the most
Why loan again, Mr Buhari? You just got some money from Abacha's loot is that not enough?
Shey you dey whine me ni? Sinzu Money
Is it not the same money that someone was saying is not loan, but our money that IMF was holding for us... Yhen yhen yhen... Tschew!!!
IMF should stop borrowing this government money...small money no dey reach them...or they want to buy another set of cars for the minister's; after Senate bought there own.
MizCazorla1 If we get Biafra now who will pay the loan?
Nigeria is going to ask for debt forgiveness for this loan in 3yrs time.
Sinzu 😂
Nigerian Heist Buhari - El PROFESSOR Chikwe Ihekweazu - BERLIN Zainab Shamsuna Ahmed - NAIROBI Sadiya Umar Farouq - TOKYO Ganduje - MOSCOW Sanwo-Olu - DENVER Ahmed Idris - HELSINKI Adeleke Olorunnimbe - RIO Then Find STOCKHOLM, PALERMO, MERSELLE, PARIS, AND LISBON
This loan that they are sharing their is.........ooooh.
Danger is looming oo
Mistake of 2015.
Loan after loan and they keep on loaning, dragging the country backwards.
IMF is also killing Nigerians
A better headline would have been: 'IMFNews JUST FINALISED THEIR CONTRIBUTIONS TO THE CONSPIRACY TO LOOTING AND DESTROYING THE NIGERIAN COMMON WEALTH BY POLITICIANS '..
Sinzu steady pick up..this is wonderful tho
Why Why Why😓
Our leaders will suffer too much ..I tell you their end is near ..very near...
Within a month of this covid19 please who can make the estimate of the money Nigerian government has received but please how much has been disburse to help the issue At the end of the day when they finally get figures from all state they will now start doing calculation OMASE O
Nigeria government don hammer for this Covikk 1 9 according to oga na master . Omo ... Yahoo good o... Ahhh... Cabals don hammer !!! Oshe !!!
After all the money Abacha sent, Sinzu is still borrowing 🤦.
Again!
Please Nigeria should call for military to overthrow this govt. Lets start efresh...
With this money nobody will leave the isolation center
After the Abacha palliatives... God is wonderful... There's more than enough to give each citizen 200k per person
😁😁😁 sinzu Money can't laugh
Is this Nigeria leaders or Nigeria Dealers?
What's the money meant for?
Soon, there will be _____________ loot. ifyouknowyouknow
Sinzu
Maga don pay shout Halleluyah!
Buhari take it easy Abeg
Loans always taste better than our money🥰🥰
Ready to loot. The funny thing is that IMF is fully aware that the money will not be make good use of the money. They simply want all Africa to be indebted to them so that when they are talking as a debtor you have to close your mouth and accept there diseason
Yet this happens
We r really in deep shit
Biafra on my mind, am tired of being a Nigerian
I hope one day we don't wake up and realize that we have been sold to offset our debts in Nigeria
Wait... Wait... Aboy MBuhari who wan pay back all these foreign debits Gbese nor be vibes man. Put your house in order!
soon the virus confirmed cases will start diminishing since they've made enough cash from it.
We will keep hearing billions of money and thousands of convid 19 patient every day. Means the billions of money is not even working at all. So whos Fooling who
Sinzu no dey joke at all😂😂😂
I hope our generations unborn will not be the collateral for these outrageous loans
This Government are Real Yahoo Administration.
one of the mastermind behind the plotted covid 19 in Nigeria🧠
Dem go chop am finish without doing anything
Don’t worry the money will rich everyone trust me Buhari is not a bad man he’s doing to develop Naija
They should not give themoooooo
IMF is wicked. You already our status o.
To do what with? Transparency and accountability please. Simple concepts, but not understood by ruling numpties in Nigeria.
Who do we offend in this country...... You won't believe I nearly cried for this news.
Pls oooooo where is all dis money going to? 😳So many cash out for dem in dis year alone Chai
COVIDー19 NCDC
Bubu is so lucky. See money
This people should stop this now... Disbursement that won't be managed well
When magun fall guy man go chop. Guys food is ready
This government is useless aswear
Coro will visit all of you both IMF officials that disburse the fund🔥🔥🔥🔥
All of these loans? Is it making sense?
More funds to straighten Boko Haram and herdsmen has arrived.
More money for them to chop...
Borrowing the money you can't pay back is systematic slavery.
....with a moose round our necks!!! SAP that destroyed many countries dey smell again!
I have never seen a Government borrow money and yet do nothing with it, like the present Government in Nigeria.
Sinzu western union 🙌🙌
What is left?
And they never make a face mask free?
Another cash out is here.
No wonder Sinzu release new album
This government should just have mercy on the generation coming
If Nigeria is your personal business Mr Buhari, will you be borrowing the money you can't pay back. This is shear wickedness
All this money but we ain't seeing anything 😒 God help us in this country
Agaaain. Omo naija would be richer in Covid than we ever did
Loan bawo We just got another free money from Abacha now.
Emergency loan? After recently receiving Abacha's looted cash? I don't understand this country anymore. What da heck are we using this big big money for?
IMF disburses loan to president and politicians not Nigerians pls make the correction
Why are we still loaning money when Abacha has disbursed palliatives ?
Sinzu money 💰
this is an avenue to syphon money....this country is heading no where
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They finally got what they wanted. Reasons why they allowed Covid fly into the country. Nigerians are to 'pay' for the loan in increased electricity tariffs from 2021. That was the agreement with IMF, our Leaders sold us out!
Despite all the Abacha assets according to Malami
garshehu now what are you people going to do with this
No need to tell us , we can’t hold them accountable for it .
spending
Sinzu is cashing out by time. We just dey read millions and billions online with nothing to show for it.
If I was FG, I would buy BTC with this and sell when it pumps. E go soft
They keep collecting loan, Sinzu wassup na
If I survive this, I'm gonna tell my children that we all saw Hell in 2020😂.
Picker don deliver for FG...
Finally, maybe we can afford to buy ventilators now
Cool down Nigerians, the money will be used for your benefits and that of your children and grand children's benefits. President Buhari is not corrupt, we Nigerians trust him..
Sinzu A.K.A ijoba spending just dey use this crisis to cash out in every angle
Did u make mistake of Naira instead of Dollar? Coz thats like more than a trillion
Broda buhari just dey blow alerts ds during ds coronavirus pandemic season 🤔🤔😏😏. Keep putting naija up for sale oo👏👏👏👏
Hmmmmm.... Awon agbada geng.... Sinzu just dey cash out ... Two weeks later money yaf finish Awon olori buruku
I pray it doesn't get squandered as usual. We are like a jinxed race we keep spending money but it never shows, we talk and plan well but execution keeps failing. 3.4bill ll come and go yet there won't be any feasible change in the lives of the poor Nigerian. God help us.
Nigeria is coursed with loan ....the borrower will always be a slave to the lender , This is pure slavery we are waking in to
IMF disburses $3.4bn emergency loan to Nigeria
Read please, this is a misleading headline because the money is not a loan package but a withdrawal from accumulated savings like
I pray the government uses it wisely Soundstalgic DreamNigeria
Spendinggggggggg
Some men don hammer for govt be dat ooo. Wire wire to different accounts has started....
Please stop giving us these loans
Ahhhhhhhhhh!!!! This generousity is tooo much!!!! Which soap is sinzu using to bath?
And buhari will still tell u there is no money.
I've got one question though... Can using Covid19 to cash out be tagged blood money I'm just asking oo
ah geese lobatan
If it is not China, it’s the IMF.Anyone would think, there is no money in Nigeria
Looter alert.... officialEFCC
Sinzu don Blow
3.4 billion dollars? Unfortunately this government can't tell us what all these monies they're borrowing are used for. Who will pay all these debts
Ooolord my God
See as money just dey fall in left right center but tomorrow we go still hear excuses 😔
To who and who? Ndi ori
Why
This is coming at the right time. FG should endeavor to use it judiciously.
Them don officially sell Nigeria...
Sinzu Spending Jacuzzi
Money for the boys .
Always cashing out sinzu.........
Who this loan help na
And our Trouble continues ...starting with devaluation as usual
$3.4bn loan? What are we doing with all the loans we are collecting? No capital projects, no renovation, our health care system zero, our education nothing, SME's pana👐 So where are the loans going to? 1. Servicing debt 2. Extravagant living of those in power 3. Looting 4. 5.
So, it has become steady cash out season for them? They should always remember that non of us here on earth is going to heaven with anything! Our leaders should always learn to think about the future of the nation
Picker has finally credited FG. On God
Nawa!🤦🏾♀️🤦🏾♀️🤦🏾♀️🤦🏾♀️
Another cash out 😂😂😂 Sinzu Abeg do giveaway now 💰
Another cash out for sinzu
APC lmao.
lol another story!
More cash out for Sinzu Money
Nigerian Politicians Are Cashing Out!!!!! NigeriaGov IMFNews Transparent419
Can't wait to see drama when the money is needed back
They’re receiving Abacha loots. They’re still borrowing money.
Y'all should please stop updating bout the money this beasts are looting when we won't benefit
Chaiiiii, God don answer this thieves leaders prayer again
Mortgaging our future and that of our children while they stock pile the funds in their private accounts for their great grand children
Alright.... Noted!
Even Nigeria de owe, if I owe as long as I no kee person I still de gallant.
This is how people are living in Nigeria... Only d smart ones can relate
david_simpa Sinzu just dey cash out dey go
hope they are not using Nigerians as collateral sha.. .. I don't know where this country is going oo. 5k you can't give your citizens it is well o
Another cashout
Oluwa wetin dey disburse? Our govt just dey cashout steady steady
Criminals in agbada
Abacha's money Don finish this quick?
Cash out again
Na soso alert Nigeria just dey receive, na wetin we go hear last be that
Sinzu abeg shey make I send my azza ☺️
It's the loan they will share between themselves ?
I want my share ooo
Finally Finally. 😅 Some people will flex.
Big bag 💼😉
Sinzu
Abacha money no dey ok again🤷♂️
😭😭
🙆🙆🙆🙆🙆🙆🙆🙆🙆🙆🙆🙆🙆🙆🏼♂️🙆🏼♂️🙆🙆🙆🙆🙆🏼♂️🙆🙆🙆🙆🙆🏽♂️
their plan have clicked finally. Ifb anyone
Here we go again. But wait o,who is going to pay back all these money?.
Sinzu money on the beat...
Nawa o!
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