CHAIRMAN of Heir Holdings, Tony Elumelu on Friday told the International Monetary Fund and other development party to provide alternatives to Nigeria if collecting loans from China was injuries to the nation’s economy.Elumelu also said that his Foundation will continue to support the government and the people through the $5,000 grant, so as to create a more prosperous society
Mr Tobias Adrian, the Financial Counsellor and Director of the IMF’s Monetary and Capital Markets Department had warned on Wednesday during the launch of the Global Financial Stability Report for April, 2019 at the IMF/World Bank meetings in Washington D.C, United of America. “In particular, we recommend that loans to countries should conform with Paris Club arrangements and that is not always the case of loans from China,” he said.
“For me, one of the surest way to eradicate poverty is to ensure that our youths are gainfully employed through entrepreneurship.
Source: Financial Digest (financialdigest.net)
vanguardngr TOE has said it all. The West should provide alternatives for Chinese loans.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF cautions Nigeria against borrowing from China - The Nation NigeriaThe International Monetary Fund (IMF) has warned Nigeria and other emerging market countries taking loans from China to consider I'm tired of this government. They keep borrowing left right and centre. They will tell us that EFCC have seized billions of dollars but the will go and borrow millions of dollars. Our foreign reserve has been depleted by more than 50%. NNPC & NLNG has been selling. Kilode ? hahaha imf in safia pain Why u dey Panadol for our own headache
Source: TheNationNews - 🏆 6. / 69 Read more »
IMF warns Nigeria, others on loans from China - Daily Post NigeriaThe International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from against taking loans from China due to unfavourable loan co
Source: DailyPostNGR - 🏆 11. / 59 Read more »
IMF cautions Nigeria against borrowing from China - The Nation NigeriaThe International Monetary Fund (IMF) has warned Nigeria and other emerging market countries taking excessive loans from China Lolz. Yeye people What's your headache if I may ask
Source: TheNationNews - 🏆 6. / 69 Read more »
China loan: Provide alternatives to Nigeria, Elumelu replies IMF - Vanguard NewsCHAIRMAN of Heir Holdings, Tony Elumelu on Friday told the International Monetary Fund (IMF) and other development party to provide alternatives to Nigeria if collecting loans from China was injuries to the nation's economy.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Stop taking loans from China, IMF cautions Nigeria, others - Vanguard NewsThe International Monetary Fund (IMF) has cautioned Nigeria and other developing countries from taking loans from China due to unfavourable loan conditions. vanguardngr Lol... IMF vanguardngr They wouldn't listen but will call them wailers vanguardngr If Nigeria stop taking loan from China, Nigeria shld go back taking loan from IMF
Source: vanguardngrnews - 🏆 5. / 75 Read more »
Beware of loans from China, IMF cautions Nigeria, others🤣🤣🤣🤣 IMF is in pains because we didn’t take their loans 🤣 😂😂😂😂
Source: MobilePunch - 🏆 8. / 63 Read more »
Be careful of funding conditions by China, IMF urge Nigeria, others – Daily TrustThe International Monetary Fund (IMF) has urged countries including Nigeria to ensure that the terms are favourable for the borrower when they borrow from abroad. The Financial Counselor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian made the remark at the press briefing on the Global Financial Stability Report (GFSR) … Because the money was not borrowed from IMF so Nigeria should be careful. Ok! Nigeria has soled out. I prefer an IMF that stays with the borrower to collect the money than China that makes you a tenant in your own land. Nigeria Government beware.
Source: Daily Trust - 🏆 13. / 51 Read more »
Be careful of funding conditions by China, IMF urges Nigeria, others – Daily TrustThe International Monetary Fund (IMF) has urged countries including Nigeria to ensure that the terms are favourable for the borrower when they borrow from abroad. The Financial Counselor and Director of the Monetary and Capital Markets Department of the IMF, Tobias Adrian made the remark at the press briefing on the Global Financial Stability Report (GFSR) … Come on! Bring de money osiso
Source: Daily Trust - 🏆 13. / 51 Read more »
IMF Warns Nigeria On Terms Of Loans From China | Sahara Reporters.IMFNews Warns Nigeria On Terms Of Loans From China | Sahara Reporters Loans from China are good, but the countries should consider the terms of the loans. And we urge countries that when they borrow from abroad, that the terms... AsoRock READ MORE: IMFNews AsoRock Look at them trying to deceive us again
Source: SaharaReporters - 🏆 9. / 63 Read more »
China calls Taiwan flight a 'routine exercise' | The Guardian Nigeria News - Nigeria and World NewsChina derided “wild talk” from Taiwan’s president as it defended a flight by its fighter jets across the traditionally respected maritime line dividing the island from the mainland last month as a routine exercise. Taiwan China
Source: GuardianNigeria - 🏆 1. / 94 Read more »