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Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight (941 Views)

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Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 7:49pm On Apr 28, 2020
The board of the International Monetary Fund (IMF) has approved the sum of $3.4 billion to support Nigeria’s COVID-19 fight.

The grant to Nigeria is the highest so far to any member country.

The grant called Rapid Financing Instrument (RFI) is granted to member countries that are not under any IMF programme.

Details later…



https://www.thisdaylive.com/index.php/2020/04/28/imf-approves-3-4bn-rfi-to-support-nigerias-covid-19-fight/amp/?__twitter_impression=true

Cc. Mynd44
Lalasticala
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Nobody: 7:50pm On Apr 28, 2020
HMmn The circle continues.
The present government borrows and leaves debt for next government. And when the next government comes to power they begin to blame the previous government.
we can't go forward by continuing this way. We have other options available. After all they are many ways to kill a rat without shedding blood.

2 Likes 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by inedujac: 7:50pm On Apr 28, 2020
Gandollar is taking record o.

Don't come and tell him say money no dey o
grin

2 Likes 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by SLAP44: 7:50pm On Apr 28, 2020
What are we going to use it to do for the NORTH? Gandollar has created a gully large enough to swallow the whole money.

Meanwhile our oil in Niger delta will be used to pay back.

2 Likes 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by TodayNAlways(f): 7:51pm On Apr 28, 2020
This kind of news does not excite average Nigerian because the money doesn't go round. It'll still end up in few hands.

1 Like 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by inedujac: 7:52pm On Apr 28, 2020
Fabulouzjoseph:
Mm
Must u Move up?
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by phelonrays: 7:52pm On Apr 28, 2020
undecided
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Nobody: 7:56pm On Apr 28, 2020
inedujac:
Must u Move up?
if i no dey untop wetin i gain na
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by festacman(m): 7:56pm On Apr 28, 2020

2 Likes

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by inedujac: 8:02pm On Apr 28, 2020
Fabulouzjoseph:

if i no dey untop wetin i gain na
cheesy
Fabulouzjoseph:

if i no dey untop wetin i gain na
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by courage89(m): 8:05pm On Apr 28, 2020
Is this a grant or loan to be paid back?

1 Like

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Susu888(m): 8:10pm On Apr 28, 2020
NCDC officials and taskforce members, governors nd the rest associated with COVID-19 response are in their houses doing this :

1 Like

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by HeadShot: 8:16pm On Apr 28, 2020
SLAP44:
What are we going to use it to do for the NORTH? Gandollar has created a gully large enough to swallow the whole money.

Meanwhile our oil in Niger delta will be used to pay back.

Everything is for the North
The Germans 5.5 million pounds already earmarked for the North East alone
This particular fund is going directly northwards too....

While they share expired rice and beans down south.... What I dont understand is fellow southerners that support this devilish and tribalistic government.. Especially from the south west...

Look at appointments made by this administration.. All the sensitive positions went to the north... Never happened before

Army police dss immigration customs NSA NNpc DPR you name it....

I have never heard of Aisha Buhari foundation until corona virus got to Kano state...

2 Likes 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by fergie001: 8:29pm On Apr 28, 2020
courage89:
Is this a grant or loan to be paid back?
Not a loan.

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 9:10pm On Apr 28, 2020
courage89:
Is this a grant or loan to be paid back?

It is stated in the op that it is a grant, sad many educated illiterates are tagging it a loan
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Racoon(m): 9:14pm On Apr 28, 2020
Hope's this remains a grant and well utilized by the Nigerian government.Well appreciated IMF.

1 Like

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 9:16pm On Apr 28, 2020
Fabulouzjoseph:
HMmn The circle continues.
The present government borrows and leaves debt for next government. And when the next government comes to power they begin to blame the previous government.
we can't go forward by continuing this way. We have other options available. After all they are many ways to kill a rat without shedding blood.

Please what are the other ways, didn't GEJ leave behind over $30B in debts for PMB outside outstanding liabilities like Paris refund, pensions, Mambila power debt, Subsidy, etc? So what are the other options we will like to know

2 Likes

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Nobody: 9:44pm On Apr 28, 2020
Stalwert:


Please what are the other ways, did GEJ leave behind over $30B in debts for PMB outside outstanding liabilities like Paris refund, pensions, Mambila power debt, Subsidy, etc? So what are the other options we will like to know
Diversifying the economy,
increasing production levels,
industrialization
and according to Tinibu printing more cash.
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by courage89(m): 1:48am On Apr 29, 2020
Stalwert:


It is stated in the op that it is a grant, sad many educated illiterates are tagging it a loan

They need to publish the details of the loan and stop the guessing game. Its been in the news these past weeks that Nigerian government are shopping for loan from IMF, world bank and other funding institutions. It will be naive to just believe that we're getting this grant with no strings attached. What are the strings attached?

As a government, you cannot just keep racking up loans upon loans for upcoming generations with nothingto show for it. Or continue to get Grant's with conditions that continues to bankrupt the entire nation.

2 Likes 2 Shares

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Cjrane2: 1:52am On Apr 29, 2020
Fabulouzjoseph:
HMmn The circle continues.
The present government borrows and leaves debt for next government. And when the next government comes to power they begin to blame the previous government.
we can't go forward by continuing this way. We have other options available. After all they are many ways to kill a rat without shedding blood.

BUHARI and MINDLESS BORROWING! grin grin grin grin grin grin grin grin grin grin

This coronavirus is another opportunity to pile massive debt that even 10 generations cannot free themselves.

Anyway, let us kwantinue to pile up debt.

One day 100% of Nigeria's budget will be for debt servicing of interest on these loans grin grin grin grin

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by maximunimpact(m): 2:01am On Apr 29, 2020
Emergency fund
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 3:39am On Apr 29, 2020
Fabulouzjoseph:

Diversifying the economy,
increasing production levels,
industrialization
and according to Tinibu printing more cash.

We are talking about now - there is crisis in every country and the global economy is facing real problems, all you listed can't be done within a month. I remember when PMB closed the border to protect our t rice industry how many children of economic saboteurs kept crying for foreign rice and condemning Nigeria rice, covid 19 significantly disrupted food supply chain. You see the diversification you want seems to be what many children of smugglers will try to undermine.

2 Likes

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 3:50am On Apr 29, 2020
courage89:


They need to publish the details of the loan and stop the guessing game. Its been in the news these past weeks that Nigerian government are shopping for loan from IMF, world bank and other funding institutions. It will be naive to just believe that we're getting this grant with no strings attached. What are the strings attached?

As a government, you cannot just keep racking up loans upon loans for upcoming generations with nothingto show for it. Or continue to get Grant's with conditions that continues to bankrupt the entire nation.

We thank God those that have eyes can see all the loan taken so far by PMB none was to pay salaries something that NOI habitually did despite having oil prices in the hundreds of dollars. We thank God those that have eyes to see can see the various infrastructural projects such as Lagos - Ibadan rail way amongst others are coming to fruition. We thank God those that are educated enough to read not the Head Line readers can see all Loans taken so far are tied to Infrastructural projects none are given for recurrent expenditure.

For country where many cheat and do not pay tax even ordinary pre paid electricity they will still find a way to by pass and cheat, to have citizens so arrogant and pretentious is always mind boggling, Nigeria's tax to GDP ratio is less than 5% one of the lowest in the world, Nigerians expects to have the best but are unwilling to pay for anything they want is illogical especially when there is a Global crisis the entire world will be facing. The same insane individuals who come online to defend crooks are sadly the insane individuals who expects governance to survive with the mind boggling criminality we face.imagine in a country of 36 states Lagos alone collects 56% of our VAT, I ask again how do you expect such country to survive? Make we continue to fool ourselves and think we are fooling others.

2 Likes

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by xreal: 6:03am On Apr 29, 2020
At last.

More money in their pockets.
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by sapientia(m): 8:10am On Apr 29, 2020
No comment
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by onyotakom: 8:50am On Apr 29, 2020
More money to loot.

On the other hand,
Hunger is a bastard... Pls help save a starving brother in this lock down. Nothing is too small as it will go a long way in saving a soul.

0772840350
Access Bank

Thanks in advance, and may God bless the giver.
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by 989900: 9:14am On Apr 29, 2020
courage89:


They need to publish the details of the loan and stop the guessing game. Its been in the news these past weeks that Nigerian government are shopping for loan from IMF, world bank and other funding institutions. It will be naive to just believe that we're getting this grant with no strings attached. What are the strings attached?

As a government, you cannot just keep racking up loans upon loans for upcoming generations with nothingto show for it. Or continue to get Grant's with conditions that continues to bankrupt the entire nation.

Exactly!
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by jlinkd78(m): 9:26am On Apr 29, 2020
Following
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Nobody: 10:23am On Apr 29, 2020
Stalwert:


We thank God those that have eyes can see all the loan taken so far by PMB none was to pay salaries something that NOI habitually did despite having oil prices in the hundreds of dollars. We thank God those that have eyes to see can see the various infrastructural projects such as Lagos - Ibadan rail way amongst others are coming to fruition. We thank God those that are educated enough to read not the Head Line readers can see all Loans taken so far are tied to Infrastructural projects none are given for recurrent expenditure.

For country where many cheat and do not pay tax even ordinary pre paid electricity they will still find a way to by pass and cheat, to have citizens so arrogant and pretentious is always mind boggling, Nigeria's tax to GDP ratio is less than 5% one of the lowest in the world, Nigerians expects to have the best but are unwilling to pay for anything they want is illogical especially when there is a Global crisis the entire world will be facing. The same insane individuals who come online to defend crooks are sadly the insane individuals who expects governance to survive with the mind boggling criminality we face.imagine in a country of 36 states Lagos alone collects 56% of our VAT, I ask again how do you expect such country to survive? Make we continue to fool ourselves and think we are fooling others.

Am impressed that there is someone like you in this country.
Please keep it up and remain blessed.

1 Like 1 Share

Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Stalwert: 11:00am On Apr 29, 2020
Xposed2020:


Am impressed that there is someone like you in this country.
Please keep it up and remain blessed.

Thanks bro.
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by Heineken(m): 5:49am On Jun 14, 2020
Stalwert:


Thanks bro.
morning sir. Hope you're fine bro? You've not been online sir.
Re: Breaking News :IMF Approves $3.4bn RFI To Support Nigeria’s COVID-19 Fight by haryorbarmie83(m): 6:04am On Jun 14, 2020
Las Las, it will end up in few person's pocket

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