Connect with us

News

IMF Rejects Nigeria’s Loan Request

Published

on

Managing Director of the International Monetary Fund, Christine Lagarde, has rejected a loan application from African giants Nigeria.

IMF

This is because of the country’s potential for an economic rebound, Economy Watch says.

The Muhammadu Buhari-led administration in December announced such efforts as diversification and infrastructure investing—factors which bolstered the IMF’s confidence in Nigeria.

Furthermore, the organization will monitor the country’s budget and finances going forward.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending