IMF provides Nigeria with US$3.4B bailout

THE International Monetary Fund overnight approved US$3.4 billion in emergency financial assistance to Nigeria to address the severe economic impact COVID-19 and the collapse in oil prices have had on the oil-dependent country’s economy.

IMF provides Nigeria with US$3.4B bailout IMF provides Nigeria with US$3.4B bailout IMF provides Nigeria with US$3.4B bailout IMF provides Nigeria with US$3.4B bailout IMF provides Nigeria with US$3.4B bailout

Delays future oil plans

 

The IMF board approved the funds under the Rapid Financing Instrument to meet the urgent balance of payment needs.

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