After $2.2 billion World Bank loan, IMF to approve $3.4 billion loan for Nigeria to tackle COVID-19 ~ Matters Arising

In all, the government is seeking $3.4 billion from the International Monetary Fund, $2.5 billion from the World Bank and $1 billion from the African Development Bank, Finance Minister Zainab Ahmed told reporters two weeks ago in the capital, Abuja. The new IMF loan would be repaid in a maximum of five years. President Muhammadu Buhari would be leaving office in three years on May 29, 2023.