Relief for Nigeria as IMF Approves U.S.$3,4 Billion Emergency Aid

The International Monetary Fund has approved Nigeria's request for U.S.$3.4 billion in emergency financial assistance under the fund's Rapid Financing Instrument to support the government's efforts in addressing the severe impact of COVID-19 on the economy and the sharp fall in oil prices. The assistance given to Nigeria is the highest to any member country so far.

(file photo).


Follow AllAfrica

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.