Afrokit:


The Nigeria Labour Congress (NLC) on Tuesday highlighted why Nigeria should not have been excluded from the International Monetary Fund (IMF) list of countries to benefit from its debt relief as a result of the COVID-19 pandemic. The IMF earlier Tuesday announced the approval of a debt relief fund to 25 countries which are mostly African countries, with Nigeria, the most populous country in Africa, excluded from the list.

The managing director of the IMF, Kristalina Georgieva in a statement, said it would provide $500m in grant-based debt service relief to the countries. Those countries enlisted to benefit from the relief fund according to IMF include: Afghanistan, Benin, Burkina Faso, Central African Republic, Chad, Comoros, Congo D.R., The Gambia, Guinea, Guinea-Bissau, Haiti, Liberia,madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo and Yemen.

READ MORE; https://afrokit.com/nigeria-labour-congress-fault-imf-for-excluding-nigeria-from-granted-debt-relief/