Nigeria to borrow $6.9bn in battle to contain coronavirus
Nigeria joins African governments in talks with multilateral lenders to suspend debt repayments for this year and next
Abuja — Nigeria plans to raise as much as $6.9bn from multilateral lenders to help fund efforts to stop the spread of the coronavirus and counter its impact on Africa’s largest economy.
The government will seek $3.4bn from the International Monetary Fund, $2.5bn from the World Bank and a further $1bn from the African Development Bank, finance minister Zainab Ahmed said Monday in the capital, Abuja. The authorities also joined other African governments by starting talks with multilateral lenders to suspend debt repayments for this year and next, she said...