Glamtush
No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events
No Result
View All Result
Glamtush
No Result
View All Result
Home News

Nigeria Requests $3.7bn Facility From AfDB, IMF, World Bank

byeditor
April 6, 2020
in News, World News
Reading Time: 1 min read
Removal Of Petrol Subsidy
Share on FacebookShare on TwitterShare on PinterestShare on WhatsappShare on LinkedinShare on Telegram

Nigeria Requests $3.7bn Facility From AfDB, IMF, World Bank

 

READ ALSO

MultiChoice Fined ₦766m By FG For Privacy Breaches

Drummers Move To Ladoja’s Home, Signaling Next Olubadan

Nigeria has requested the sum of $3.5billion from the International Monetary Fund (IMF) and the African Development Bank (AfDB) to fund the 2020 Budget.

Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, said this at a news conference in Abuja on Monday.

Ahmed revealed that the $2.5billion request to the IMF was on behalf of the states and federal government, while $1billion is being expected from AfDB.

She disclosed that the IMF COVID-19 Rapid Credit Facility would be drawn from Nigeria’s existing holdings with the World Bank Group and the IMF.

The minister explained that the loan would not be tied to conditionalities, stressing that Nigeria does not intend to negotiate or enter into a formal programme with the IMF at this time or in the nearest future.

Ahmed also disclosed that the Nigeria Centre for Disease Control (NCDC) had access to a Regional Disease Surveillance Systems (REDISSE) facility from the World Bank to the tune of $90million.

Out of this, $8million has been drawn for the coronavirus fight, while the country requested to fully draw down on the outstanding balance of $82million.

“The government has also requested for additional financing of $100million from the REDISSE project to meet COVID-19 emergency needs in all the 36 States and the FCT, through the NCDC and Federal Ministry of Health.

“This will enable us expand the capacity of intensive Care Units (ICUs), enhance laboratory capacity, accelerate the procurement of test kits, strengthen surveillance mechanisms as well as improve information management”, the minister added.

Related Posts

MultiChoice Fined ₦766m
News

MultiChoice Fined ₦766m By FG For Privacy Breaches

July 7, 2025
Ladoja
News

Drummers Move To Ladoja’s Home, Signaling Next Olubadan

July 7, 2025
Olubadan
News

How Primate Ayodele Foretold Olubadan’s Demise Two Days Ago In WTN 2025/2026

July 7, 2025
Oba Olakulehin Dies At 90
News

Olubadan Oba Olakulehin Dies At 90

July 7, 2025
Senate Duty
News

Natasha To Resume Senate Duty On Tuesday

July 7, 2025
Prophecy Book
News

Primate Ayodele Releases 31st Edition Of Annual Prophecy Book “Warnings To The Nations”

July 6, 2025
Next Post
Truckloads Of Rice

FG Orders Distribution Of 150 Truckloads Of Rice Seized By Customs To Nigerians

LATEST COVER

Priscilla Ojo

GPBN Associates Member

Fidelity Bank

Zenith Bank

MultiChoice Fined ₦766m

MultiChoice Fined ₦766m By FG For Privacy Breaches

July 7, 2025
Rasheed Ladoja

Ex-Oyo Governor, Rasheed Ladoja, Set To Become 44th Olubadan

July 7, 2025
Ladoja

Drummers Move To Ladoja’s Home, Signaling Next Olubadan

July 7, 2025
Olubadan

How Primate Ayodele Foretold Olubadan’s Demise Two Days Ago In WTN 2025/2026

July 7, 2025
Oba Olakulehin Dies At 90

Olubadan Oba Olakulehin Dies At 90

July 7, 2025
Senate Duty

Natasha To Resume Senate Duty On Tuesday

July 7, 2025
Prophecy Book

Primate Ayodele Releases 31st Edition Of Annual Prophecy Book “Warnings To The Nations”

July 6, 2025
Adron Homes

Adron Homes Made My Dream Come True  — New Homeowner Shares Inspiring Testimony

July 5, 2025
GTCO Plc

GTCO Plc Becomes 1st Financial Services Institution In West Africa To Achieve Listing And Trading Of Its Ordinary Shares On The London Stock Exchange

July 5, 2025
Building Collapse In Lagos

Real Estate Industry Experts, Stakeholders Raise Alarm Over Building Collapse In Lagos, Seek Urgent Reform

July 4, 2025

GLAMTUSH

 

Glamtush publishes the latest trends in fashion, beauty, and lifestyle, as well as those making the fashion world interesting and adorable.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us

REACH OUT

Do you have any news for us? Event Coverage, Press Releases or Adverts? Then reach out to us via glamtush@gmail.com or glamtush15@gmail.com

OFFICE ADDRESS

Lagos, Nigeria

Copyright © 2022 Glamtush

  • About Us
  • Advertise
  • Contact Us
  • Disclaimer
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Glamtush – Nigeria News, Nigerian Newspapers, Naija News
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
  • Beauty
  • Business & Brands
  • Entertainment
  • Fashion
  • Features
  • Lifestyle
  • Politics
  • Sports
  • Telenovelas
  • Events

© 2022 Glamtush