IMF Confirms Nigeria Repayment Of $3.4BN Covid-19 Loan
The International Monetary Fund (IMF) yesterday officially reacted to news making the rounds about Nigeria’s indebtedness to the multilateral institution and confirmed that the West African country has fully repaid the $3.4 billion emergency loan it received in April 2020 under the Rapid Financing Instrument (RFI) extended to cushion the impact of the COVID-19 pandemic and a sharp drop in oil prices.
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