IMF Cautions Nigeria, Others on China Loans

The IMF has cautioned that if loans are taken from China, that the terms and conditions are strictly followed according to the guidelines set by the Paris Club, an informal group of creditor nations whose objective it is to find workable solutions to payment problems faced by debtor nations. Nigeria was also advised to increase VAT and excise duties.

Stop taking loans from China, IMF cautions Nigeria.

InFocus

See What Everyone is Watching