Nigeria’s federal government says it will not apply for a loan from the IMF’s $50 billion fund for struggling economies, ruling out new IMF borrowing in the near term. This signals that the country will continue relying on its own fiscal measures rather than external financing, affecting expectations of debt relief or stimulus for businesses and households.
The Nigerian Federal Government confirms it has no plans to seek a Nigeria IMF loan from the $50bn fund designated for struggling economies. Read More: https://punchng.com/no-plan-to-borrow-from-imfs-50bn-fund-fg/