IMF says Nigeria repays $3.4 billion COVID-19 funding


  • World
  • Friday, 09 May 2025

A man walks past the International Monetary Fund (IMF) logo at its headquarters in Washington, U.S., May 10, 2018. REUTERS/Yuri Gripas/File Photo

LAGOS (Reuters) -Nigeria has repaid $3.4 billion in emergency funding it received from the International Monetary Fund (IMF) to help the country cope with the impact of the coronavirus pandemic five years ago, the global lender said on Thursday.

In April 2020, the IMF provided the financing to help Africa's largest oil exporter cope with a collapse in crude prices, which hit its finances and tipped the economy into recession.

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