Nigeria will now enjoy zero interest on all concessional facilities of the International Monetary Fund until 2018. The IMF's Managing Director, Christine Lagarde, disclosed this yesterday at the ongoing IMF/ World Bank 2016 General Meeting in Washington D.C. Nigeria's Finance Minister, Kemi Adeosun, has been negotiating to borrow from multilateral institutions to fund capital projects in the country. The cheap loans will be used to bridge the nation's infrastructure deficit in critical sectors.
- Category
- Nigeria
Be the first to comment
Up Next
Autoplay
-
01:48
Somalia Citizens Enjoy Free Medical Services
-
02:19
Enjoy Thrills Of Joburg Through 'The Jump City Challenge'
-
01:41
Libyan's enjoy Tripoli's first skatepark
-
11:01
Sudan’s Prospects And Interest To Foreign Powers
-
02:45
Nigeria rice farmers could face court over unpaid loans
-
01:37
SA inflation declines, hopes of an interest rate cut increases
-
02:55
Nigeria's Non-performing Loans Soar To $1.2B
-
03:03
Nigeria Introduces New Law To Ease Access To Bank Loans
-
06:20
Reserve Bank Keeps Interest Rates Unchanged At 7%
-
02:04
Libyans enjoy family picnics at military site turned recreational zone
-
59:15
The Chinese are Coming
-
01:55
Sudan: Miners face harsh conditions as they search for gold in desert
-
03:11
Mugabe: Zanu PF Says Heroes Acre Only For Party Supporters
-
01:30
Coronavirus: South Sudan reports first case
-
01:12
Polls open in Zambia elections, President Edgar Lungu casts vote
