Nigeria to borrow $6.9bn to cushion coronavirus impact

Mon Apr 6th, 2020 - Edo

Nigerian government on Monday said it is seeking to borrow about $6.9bn from international lenders including the World Bank, the African Development Bank and the Islamic Development Bank.

Finance Minister Zainab Ahmed said the money will help counteract the impact of coronavirus on the economy.

Ahmed said the country has asked for $3.4 billion from the International Monetary Fund, $2.5 billion from the World Bank and $1 billion from the African Development Bank (AfDB).




source: Guardian