Nigerian Government to Repay $3.4bn IMF Loan in 2027 

The current administration of Bola Tinubu is expected to pay off a $3.4bn owed to the International Monetary Fund during his tenure. <br />The IMF disbursed $3.4bn in emergency financial assistance to Nigeria. <br />The loan 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 COVID-19 in the country. <br />The IMF approved $3.4bn in emergency financial assistance under the Rapid Financing Instrument to support the authorities’ efforts in addressing the severe economic impact of the COVID-19 shock and the sharp fall in oil prices. <br /><br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>