BREAKING: IMF Approves $3.4 Billion Loan For Nigeria

The International Monetary Fund (IMF) Executive Board on Tuesday  approved a  $3.4 billion loan  to help Nigeria address the severe economic impact of the COVID-19 pandemic and the sharp fall in oil prices.
 

“We support Nigeria’s efforts to limit the effect of COVID-19 and the sharp fall  in oil prices. The $3.4 billion approved by our board is the largest IMF COVID-19 emergency financing provided to-date. It will help Nigeria free up more resources to protect lives and livelihoods, says the IMF Managing Director, Kristalina Georgieva.

We support #Nigeria’s efforts to limit the effect of #COVID19 and the sharp fall of oil prices. The US$3.4 billion approved by our Board is the largest IMF COVID-19 emergency financing provided to-date. It will help Nigeria free up more resources to protect lives and livelihoods. https://t.co/kc3U0uVO7J

— Kristalina Georgieva (@KGeorgieva) April 28, 2020