The International Monetary Fund (IMF) has not foreclosed granting credit facilities to Nigeria and other emerging economies within its membership, it was learnt last night.

Speaking during an online media parley in Washington DC, United States (U.S.), the IMF said the facilities would come through its financial safety nets.

According to the IMF, the loans are to protect member countries from losing their financial security or derailing from long-term financial goals.

It reiterated the importance of strengthening global financial safety net, and ensuring that countries have access to support.

In the media parley transcript posted on its website, IMF called for actions to strengthen policy frameworks and reduce vulnerabilities in monetary policy, fiscal policy, and financial support for business.

“We emphasise the importance of the global financial safety net, and countries having access to that as appropriate, including, of course, support from the IMF, which we stand ready to provide as needed by our membership,” it said.

A data from the Debt Management Office (DMO) showed a rise in Nigeria’s total public debt from N32.92 trillion in 2020 to N39.56 trillion at the close of last year.

A breakdown of the debt statistics as at December 31, 2020, showed that Nigeria owes International Development Association (IDA) $11.12 billion; Eurobonds ($10. 8 billion); IMF ($3.53 billion) and Exim Bank of China ($3.26 billion), among others.

https://thenationonlineng.net/imf-ready-to-lend-more-to-nigeria/

Way to go Bugari, kukuma finish the country abi what is left if not suffering and hardship that had plague the whole Nation. I'm confident we'll survive your myopic senseless evil orchestrated regime. I use medium to pray for those struggling to make ends means may you find your feet and obtain favour. Peace to all!

Buhari the international almajiri

Borrow Borrow Gworo chewer

Banza Dan iska

Great news for Buhari time to go and borrow more thereby worsening the already bad situation

They should keep their money. We don't need it.

The opportunists dem

Harsh as it sounds, we need imf money

Till we either increase the revenue from taxes or become more productive

helinues:
They should keep their money. We don't need it.

The opportunists dem

Tell that to Buhari who has begging for billion dollar IMF loans for the past seven years.
He has made several trips to Europe no avail.

Now that the Chinese are reluctant to grant more loans, Buhari is now desperately pursuing IMF loans.

We thank the "opportunists" for not granting Buhari loans.

ivolt:

Tell that to Buhari who has begging for billion dollar IMF loans for the past seven years.
He has made several trips to Europe no avail.

Now that the Chinese are reluctant to grant more loans, Buhari is now desperately pursuing IMF loans.

We thank the "opportunists" for not granting Buhari loans.

I would rather urge NASS not to rubber stamp any loans again as this government has less than a year to vacate

Exactly what am saying did Nigeria ask them money this fraudster organization continue enslaving Africa through their useless fraudster organization.

Price of oil gone up due to Russian Ukraine war
IMF looking for their cut

Esama:
Exactly what am saying did Nigeria ask them money this fraudster organization continue enslaving Africa through their useless fraudster organization.

Africa borrows money from the imf because our source of revenue is the raw materials we sell . The problem is the price of the raw materials is too low most of the time for us to earn enough.

Big nations don't borrow as much from imf because the source of their income is income tax and revenues from industrial products

Yet they told us China was the bogeyman. Now they have scared China away after using fake trolls, unpatriotic people and controlled (social) media, they are coming in to grant loans.

See what China's loan are for below, now you tell me what exactly the Imf loan above is meant for?

1. 700MW Zungeru hydro power dam
2. Ebuta Metta Station of Lagos Ibadan railway
3. Abuja City- Airport Metro
Among others

Dollar increase , war in Ukraine, gas crises , fuel price hike and you de lend money , to who .

This one na "extra time" for the almajiri cabal and their body double in Aso Rock...to pack money.

IMF money dey get stringent conditions

Let them go to hell

Saifullah01:
Yet they told us China was the bogeyman. Now they have scared China away after using fake trolls, unpatriotic people and controlled (social) media, they are coming in to grant loans.

See what China's loan are for below, now you tell me what exactly the Imf loan above is meant for?

1. 700MW Zungeru hydro power dam
2. Ebuta Metta Station of Lagos Ibadan railway
3. Abuja City- Airport Metro
Among others

I hope the Government won't truly go for IMF loans.

The conditions attach to IMF loans is usually disastrous for the Economy of the country.

IMF do not care wether the loan dey borrow you is used for what is borrowed for, them own nah to make sure say dem collect their money with interest.

Recolonization

E no go better for these western imperialists only obsessed with holding poor countries to ransome.