Early this week, the IMF announced the decision of its Executive Board to grant debt relief to 25 countries. Nigeria is not among the beneficiaries., Ayuba Wabba, said Nigeria deserved to be granted debt pardon from IMF/World Bank.handle, @ZShamsuna, on Thursday, said the relief was meant for the “poorest and most vulnerable members to cover part of their IMF debt obligations.”
“As indicated in IMF Executive Board statement, the relief ‘provides grants to our poorest & most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months. The new application, she said, was for financing under the Rapid Financing Initiative , under which Nigeria, like other members, was entitled to access up to 100 per cent of its contribution quota.
Others are Nepal, Niger, Rwanda, São Tomé and Príncipe, Sierra Leone, Solomon Islands, Tajikistan, Togo, and Yemen. As the most populous country in Africa and a major regional transportation hub, with very active citizens, the labour leader said Nigeria could be a major epicentre for future global waves of COVID-19 if adequate support was not extended to the country to fight and contain the coronavirus pandemic.
We don't own IMF but Nigeria government has sold its internal organs to the Chinese.
No debt, then there's no debt relief. If you don't owe IMF, you can't get debt relief.... Simple as that. Go borrow then get debt relief.
Because they know that our government will the money in their pocket or tell us there is another fire outbreak
We hope so
Nigeria is among, where re you getting your information from, don't you read
We're a rich country.. I suppose