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$30bn Loan: FG turns to IMF, World Bank

President Muhammadu Buhari receiving IMF Managing Director, Christine Lagarde in Abuja.

The Federal Government has said it was looking the way of the International Monetary Fund, IMF, and the World Bank for some of its external borrowings to boost the economy out of recession.

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Sanusi lied; CBN’s lending to FG is N1.467 trn – Presidency

New facts emerged yesterday that the CBN advanced the Federal Government the sum of N1.193 trillion as Ways and Means as at 2nd December 2016. A fact sheet of the accounts of the Federal Government with the CBN, obtained yesterday from Presidency sources disclosed that the Federal Government did not borrow above its limit from the Central Bank of Nigeria, CBN.

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