IMF has approved Nigeria's loan request to the tune of $3.4b. Nigeria sort the loan to help revive the economy post the COVID 19 Pandemic. The assistance, facilitated via the Rapid Financing Instrument (RFI), will help limit the decline in Nigeria’s international reserves “and provide financing to the budget for targeted and temporary spending increases aimed at containing and mitigating the economic impact of the pandemic and of the sharp fall in international oil prices,” the IMF said.
Comments
Post a Comment