International Monetary Fund (IMF) has said that Nigeria has not made any funding request.
Gatekeepers News reports that director of African department at IMF, Abebe Aerobic Seladsie said this during a press briefing in Washington DC.
The director made the statement in response to a question on speculations within Nigeria’s business circle that the government is considering going to the fund for financing.
He said, “No, there has not been a request for funding from the IMF in Nigeria.”
“To just be very clear, this is also a question that has come up in the context of some other countries. If and when countries turn to us, we hope that they do so having a very clear plan of how they want all kinds of economic reforms they want to pursue.”
“And turning to us would be a way to help reduce the funding costs that they face.”
Seladsie noted that every country that is in good standing with the organisation has right to borrow and have access to “concessional financing that we provide. But there is no request for funding from Nigeria at the moment.”
