Buhari seeks debt cancellation for Nigeria, others
The pardon, if granted, will help member states to withstand the fallout of the coronavirus pandemic.
Since the outbreak of the pandemic, the Federal Government has engaged in funds sourcing to address the fallout.Last month, Finance Minister Mrs. Zainab Ahmed said the government was seeking a temporary suspension from multilateral and bilateral creditors to unlock funds to battle the COVID-19 pandemic threatening lives across the country and the world at large.
From the African Development Bank Group there is the: ADB $1.359 billion; ADF $926.14 million; BADEA $5.88 million; EDF $55.17 million; IDB $14.26 million; and IFAD $197.84 million for which Nigeria is seeking cancellation.
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