The international monetary fund IMF have offered to assist Nigeria with a zero interest loan to help its weak economy. This was announced by the IMF chief in a meeting held at Washington DC this week.
Nigeria for now did not accept the offer because of the loan conditions that are always attached to it. Like devaluation of currency, increase in petrol pump price and so on, which have done nothing but bring hardship to Nigerian citizens.
Pledges have been made to assist Nigeria during the meeting by 26 member countries to the tune of over us$440 billion and other countries are expected to respond.
Nigeria for now did not accept the offer because of the loan conditions that are always attached to it. Like devaluation of currency, increase in petrol pump price and so on, which have done nothing but bring hardship to Nigerian citizens.
Pledges have been made to assist Nigeria during the meeting by 26 member countries to the tune of over us$440 billion and other countries are expected to respond.
Comments