The Federal Government is seeking $6.9 billion (equivalent of N2.53 trillion) from the International Monetary Fund (IMF), the World Bank, the African Development Bank and the Islamic Development Bank to mitigate the impact of the ravaging coronavirus pandemic on Nigeria’s economy.
This is besides the N500 billion COVID-19 Crisis Intervention Fund recently approved by President Muhammadu Buhari. The Minister of Finance, Budget and Planning, Zainab Ahmed, disclosed this in Abuja last Monday at a press briefing on the government’s fiscal stimulus measures in response to the Covid-19 pandemic and the oil price fiscal shock.
DAILYTRUST
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