Abuja and Lagos — The International Monetary Fund (IMF) yesterday cautioned Nigeria against misusing borrowed fund saying the growth being experienced in the country and others will be at risk if the funds borrowed are not used judiciously.
IMF while unveiling the Global Financial Stability report at its headquarters in Washington, yesterday said, "External borrowing in emerging markets and low-income countries have increased," Tobias Adiran, financial counsellor and director of monetary and capital market of the organisation said.
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