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IMF Rejects Nigeria’s Loan Request

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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.

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

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