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FG Confirms $3.4bn Covid-19 Loan Repaid as Falana Demands Probe

The Federal Government has confirmed the full repayment of the $3.4 billion loan it received from the International Monetary Fund (IMF) during the COVID-19 pandemic. Minister of Information and National Orientation, Mohammed Idris, made the disclosure on Monday while briefing journalists after the Federal Executive Council meeting at the State House, Abuja. This development follows […]

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, […]

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