₦airaland Forum

The low interest rate means the $3.4 billion loan the IMF granted Nigeria in April would be repaid within 5 years and

Nigeria the Africa’s most populous country would pay back about $3.57 billion from the $3.4 billion it was given.

This translates roughly into 0.2 billion in interest, or ($200 million) or (78 billion naira) in interest.


In other words, Nigeria would repay the $3.4 billion loan it was granted plus about 78 billion naira in interest.

From

NairaLEARN.com

When reporting, don't mix up the currencies. State the equivalent received in naira just as you state the equivalent payable in naira

NairaLEARN:
The low interest rate means the $3.4 billion loan the IMF granted Nigeria in April would be repaid within 5 years and

Nigeria the Africa’s most populous country would pay back about $3.57 billion from the $3.4 billion it was given.

This translates roughly into 0.2 billion in interest, or ($200 million) or (78 billion naira) in interest.


In other words, Nigeria would repay the $3.4 billion loan it was granted plus about 78 billion naira in interest.

From

NairaLEARN.com

Okoko bio okoooo !! Olopaoooooo!!! This government will kill this generation and generation yet born to loan repayment and slavery to the creditors of care is not taken !! IMF the wicked institution give you loan collect massive interest in dollars and control your currency. Las las we go get sense!!

This part deliberately mixed up the currencies for sensationalism.

Either we or our children will one day realise that this Govt inherited just $7b in debt from the very corrupt pdp past Govts.

But, as a corruption free Govt,
have so far borrowed $77b, and are still borrowing in d name of infrastructure. That's when our eye will clear, that our future have been sold