Debt-Free but Not Done: Why Nigeria Still Owes the IMF $30m a Year
The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion emergency loan it received in April 2020 under the Rapid Financing Instrument (RFI) to cushion the impact of the COVID-19 pandemic and plunging oil prices. In a statement issued on Wednesday, the IMF’s Resident Representative in Nigeria, Dr Christian Ebeke, […]