Oyogist.com has learnt that the International Monetary Fund (IMF) has released its updated economic funding support totalling $99 billion to 70 countries in order to tackle the Covid-19 pandemic.
The IMF further stated that it gave out $29 billion under its Rapid Credit Facility and Rapid Financing instrument scheme to Nigeria and other beneficiary countries.
Nigeria Receivedt $3.4 billion of the $29 billion to enable it strengthen balance of payment and local currency.
The IMF tasked Nigeria to use the funding to transform it’s economy into more resilient one.
