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IMF grants N1.4tr loan to Nigeria to support fight against Coronavirus

The board of the International Monetary Fund (IMF) has approved the sum of $3.4 billion (N1.4trn) to support Nigeria’s COVID-19 fight.

The grant to Nigeria is the highest so far to any member country.

The grant called Rapid Financing Instrument (RFI) is granted to member countries that are not under any IMF programme.

Details later…

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