IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday - Health - Nairaland
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| IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Nobody: 7:39am On Apr 26, 2020 |
The International Monetary Fund (IMF) is expected to recommend the approval of $3.4 billion in emergency funding for Nigeria as part of measures to cushion the impact of COVID-19 on the nation’s economy. According to Bloomberg, the IMF Executive Board will meet on Tuesday next week to review the request. The loan, which is scheduled to be repaid in not more than five years, is considered the largest allocation by the IMF to an African country to assist with the coronavirus pandemic. Minister of Finance, Zainab Ahmed, earlier this month referred to the loan as part of funds being expected from multilateral organisations to aid the country’s battle against the pandemic. Since COVID-19 was confirmed in the country on February 27, the pandemic has gone on to disrupt daily life, forcing the government to shut schools, impose lockdowns, and restrict large gatherings among other things. As of 10 pm on Saturday, Nigeria had 1,095 confirmed coronavirus cases out of which there have been 208 recoveries and 32 deaths. Globally, there have been more than two million confirmed cases and over 200,000 deaths. Source: https://www.channelstv.com/2020/04/25/imf-to-meet-on-nigerias-3-4bn-emergency-loan-request-on-tuesday/ |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Karmaisme(m): 8:03am On Apr 26, 2020 |
Who loan help! We only hear that billions had been spent to fight corona virus in Nigeria but no result on ground to show for it. Gone are the days when we had technocrates handling our numerous ministries in Nigeria, what we have now are dull heads. FTC for the first time on nairaland. |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by SocialJustice: 8:05am On Apr 26, 2020 |
$3.4b to do what exactly? IMF should not approve shit, they are thieves. 1 Like |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Nobody: 8:26am On Apr 26, 2020 |
Karmaisme: First time? |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Tharaja(m): 8:28am On Apr 26, 2020 |
Please |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Karmaisme(m): 8:35am On Apr 26, 2020 |
Banigoprecious:With this moniker. 1 Like |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Macphenson: 9:53am On Apr 26, 2020 |
Hmmmm |
| Re: IMF To Meet On Nigeria’s $3.4bn Emergency Loan Request On Tuesday by Lanre4uonly(m): 10:29am On Apr 26, 2020 |
Ok, it is noted. I do hope the loan if granted would reflect in the well being of the masses. |
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