Zainab Ahmed, the minister of finance, budget and national planning,has said Nigeria did not benefit from the recent debt relief by the International Monetary Fund because the country is not indebted to the IMF.
Ahmed, in a tweet on Thursday, said, “It is true Nigeria is not a beneficiary of recent IMF debt relief for 25 countries. As stated in IMF Executive Board statement, the relief ‘provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months’.
“Since Nigeria is not indebted to the IMF, there is no outstanding debt obligation to be forgiven. Nigeria’s application for new IMF financing is under consideration and receiving…