Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,123 members, 7,814,939 topics. Date: Thursday, 02 May 2024 at 12:30 AM

IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight - Nairaland / General - Nairaland

Nairaland Forum / Nairaland / General / IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight (207 Views)

Ganduje, Kano Governor accuses FGN of Abandoning Kano State In Covid-19 Fight / Governor Wike Threatens Companies Not Contributing To COVID-19 Fight In Rivers / COVID-19: Fight In Mbiama Market (photos) (2) (3) (4)

(1) (Reply) (Go Down)

IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight by DerickCO(m): 9:22pm 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 emergency financial assistance to Nigeria is the highest so far to any member country.

IMF

@IMFNews
The IMF Executive Board today approved US$3.4 billion to help #Nigeria address the severe economic impact of the #COVID19 pandemic and the sharp fall of oil prices.

The assistance, facilitated via the Rapid Financing Instrument (RFI), will help limit the decline in Nigeria’s international reserves “and provide financing to the budget for targeted and temporary spending increases aimed at containing and mitigating the economic impact of the pandemic and of the sharp fall in international oil prices,” the IMF said.
Re: IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight by Iceberg3: 9:23pm On Apr 28, 2020
International tiff tiff, ITT, international tiff tiff, international rogues.....
Re: IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight by GreatChizzy: 9:27pm On Apr 28, 2020
But the Son of perdition (Cownu) wrote IMF a letter instructing them not to approve/grant the loan to Nigeria. Did they just ignored the "supreme" leader
Re: IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight by risos(m): 9:28pm On Apr 28, 2020
The major percentage of the money is going back directly or indirectly to the source it came from. Apart from in country personnel and logistics the major procurement would be sourced offshore.
Re: IMF Approves $3.4 Billion For Nigeria's COVID-19 Fight by GodPunishCorona: 9:39pm On Apr 28, 2020
Source?

(1) (Reply)

Father Rejects Son Over Fears Of Contracting Codvid-19 / Beware Of Wrong Advice.(lady). / Create An Upwork Account In Less Than 10minutes

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.