The exclusion of Nigeria from the list of 28 countries granted some form of debt pardon by the Executive Board of the International Monetary Fund has become worrisome to many, given the current precarious state of the Nigerian economy, particularly with respect to the ever-growing public debt service payment crisis.
Accordingly, the first and second tranche of the fund were approved on April 13 and October 2, 2020 respectively for the 28 selected poor countries comprised of 22 in Africa as well as six in other regions of the world such as Benin, Burkina Faso, Burundi, Liberia, Niger, Afghanistan, Haiti, Nepal, Solomon Islands, Tajikistan and Yemen among others. In the opinion of IMF, Nigeria does not qualify to be so categorised to benefit from the CCRT.
We clamor and want debt relief at the slightest given opportunity but aren’t ready to demand accountability from government, politicians & citizens who daily steal the country dry taking their ill gotten monies outside to warehouse in other countries.
I don't blame IMF excluding Nigeria from debt relief... Looter politicians and civil servants plus prosperity pastors can pay off Nigeria's debt... After all, they're just scammers... So it's the people's money they've packed in their bank accounts (under their names)...
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 to disburse $410 million in aid to KenyaThe IMF said Monday it had reached an agreement to move forward on the disbursement of $410 million to Kenya as part of an aid package approved in April.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
IMF Continuing Chad Debt Restructure Talks After Deby DeathThe IMF is continuing meetings to restructure Chad’s debt, the fund spokesman said Thursday, despite the country being run by a military junta after the death of President Idriss Deby Itno in battle. “I can tell you the creditor committee had a technical meeting earlier this week, and a follow-up meeting is planned for … Continue reading IMF Continuing Chad Debt Restructure Talks After Deby Death
Source: channelstv - 🏆 7. / 63 Read more »
Governors okay debt reduction, judicial, legislature autonomy | The Guardian Nigeria News - Nigeria and World NewsState governors in Nigeria have agreed to grant autonomy to the legislature and the judiciary. This is in line with Executive Order 10 signed by President Muhammadu Buhari. They, however, gave two conditions to smoothen the implementation of the decisions. These are: Immediate termination of the ongoing strike by judicial workers and the disbandment of […] D Governors are in no position to give any conditions for Judicial&legislature autonomy.Are they rewriting d constitutional provisions in d above regard.What legal framework do they want 2fine tune?D strikes can continue while they put everything in place b4 d strike's jettisond after 3 years...serious bunch
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Education for positive growth in Nigeria | The Guardian Nigeria News - Nigeria and World NewsSince May 1999, when democracy re-emerged on the political surface called Nigeria, it has been a tough and tumble ride for Nigerian workers. The practice of democracy, contrary to earlier beliefs...
Source: GuardianNigeria - 🏆 1. / 94 Read more »