• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

IMF considers Nigeria’s loan request, FG gives reason for exclusion from debt relief program

Chike Olisah by Chike Olisah
April 16, 2020
in Business News, Politics
FG projects spending plan of N11.86 trillion and deficit of N5.16 trillion,IMF, International monetary fund, Zainab Ahmed, Nigeria's Minister of Finance, Budget and National Planning

Zainab Ahmed, Nigeria's Minister of Finance, Budget and National Planning

Share on FacebookShare on TwitterShare on Linkedin

The Federal Government has reacted to the exclusion of Nigeria from the list of countries to benefit from the International Monetary Fund ‘s (IMF) debt relief program to 25 countries around the globe.

In her reaction, the Minister of Finance, Budget and National Planning, Zainab Shamsuna Ahmed, said that Nigeria didn’t enjoy any debt relief from the International Monetary Fund, as the country had no outstanding debt with the Bretton Woods institution. Going further, she pointed out that Nigeria’s application for new IMF financing is being considered.

In her statement, the Minister said:

RelatedStories

IMF projects reduced economic growth for Sub-Saharan Africa

IMF flags cross-border crypto risks for Nigeria as global market surges 1,511% in five years 

July 9, 2025
IMF, Import restrictions

IMF flags absence of social buffer for poor Nigerians amid reforms 

July 8, 2025

“It is true Nigeria is not a beneficiary of recent IMF debt relief for 25 countries. As stated in the IMF Executive Board statement, the relief provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next 6 months.

‘’Since Nigeria is not indebted to the IMF, there is no outstanding debt obligation to be forgiven. Nigeria’s application for new IMF financing is under consideration and receiving attention. The new application is for financing under the Rapid Financing Initiative (RFI).”

READ ALSO: IMF warns about China’s loan terms, as Nigeria’s ‘romance’ with Asian country deepens

Tweets by ZShamsuna

READ MORE: FG replies International Monetary Fund’s fuel subsidy removal request

Ahmed further disclosed that Nigeria is entitled to access up to 100% of its quota under the RFI.

It could be recalled that 2 days ago, the IMF announced that the fund would be providing a $500 million grant based debt service relief to 25 countries as part of its response to help mitigate the impact of the coronavirus pandemic on their various economies.


Follow us for Breaking News and Market Intelligence.
Tags: Federal Government of NigeriaIMFIMF debt reliefInternational Monetary FundMinister of Finance Zainab AhmedNigeria's debt profileNigerian Business NewsOn the Money
Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

Related Posts

IMF projects reduced economic growth for Sub-Saharan Africa
Cryptos

IMF flags cross-border crypto risks for Nigeria as global market surges 1,511% in five years 

July 9, 2025
IMF, Import restrictions
Economy

IMF flags absence of social buffer for poor Nigerians amid reforms 

July 8, 2025
IMF tells FG to increase electricity and fuel prices by phasing out subsidies
Economy

Nigeria’s fiscal deficit may hit 4.7% of GDP in 2025 – IMF 

July 3, 2025
IMF, Import restrictions
Economy

IMF backs CBN’s tight monetary policy to curb inflation

July 2, 2025
IMF tells FG to increase electricity and fuel prices by phasing out subsidies
Companies

2025 Article IV: IMF commends Nigeria’s economic reforms

July 2, 2025
GDP
Economy

IMF raises Nigeria’s 2025 GDP growth forecast to 3.4%

July 2, 2025
Next Post
IMF says it can mobilize $1 trillion loan to help countries counter Coronavirus,COVID-19: 10 new cases as total figure rises to 224.

3 new COVID-19 deaths in Lagos state

Comments 1

  1. Amadi chizi Success says:
    April 21, 2020 at 5:51 am

    I am a graduate of University Of Port Harcourt. I sincerely a the loan to process my fish and poultry farm. Thanks

    Reply

Leave a Reply Cancel reply

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

Emple
nlng
first bank








DUNS

Recent News

  • SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 
  • President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 
  • FG to establish National Design and Development Agency to support Nigerian innovators 

Follow us on social media:

Recent News

Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%

SEPLAT tops trading value as All-Share Index hits N80 trillion; ACCESSCORP leads volume 

July 14, 2025
President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

President Trump issues 50-day ultimatum to Putin, threatens 100% tariffs over Ukraine war 

July 14, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics