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RAPID FINANCING INSTRUMENT (RFI)
The International Monetary Fund (IMF) has confirmed that Nigeria has fully repaid the $3.4 billion financial support it received under the Rapid Financing Instrument (RFI) to cushion the economic impacts of the COVID-19 pandemic.
Most of the critics of the government’s borrowing pattern have often expressed serious doubt about the judicious use of these funds, as they believe most of them might end up being embezzled.