Economics
Nigeria Pays Off IMF’s $3.4 Billion Covid Loan to Exit Debt List
Lagos, Nigeria.
Photographer: Olympia De Maismont/AFP/Getty Images
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Nigeria has paid off $3.4 billion borrowed from the International Monetary Fund during the Covid-19 pandemic, exiting the list of countries that are in debt to the Washington-based lender.
Finance Minister Wale Edun confirmed via text message on Thursday that the loan had been repaid on the agreed terms.