The board of the Worldwide Financial Fund (IMF) has permitted the sum of $three.four billion to assist Nigeria’s COVID-19 struggle.
The emergency monetary help to Nigeria is the best up to now to any member nation.
The IMF Government Board as we speak permitted US$three.four billion to assist #Nigeria tackle the extreme financial influence of the #COVID19 pandemic and the sharp fall of oil costs. https://t.co/BmFoajYR6q #IMFAfrica pic.twitter.com/XIRYgS2CGC
— IMF (@IMFNews) April 28, 2020
The help, facilitated through the Speedy Financing Instrument (RFI), will assist restrict the decline in Nigeria’s worldwide 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 stated.
Extra particulars quickly . . .