Why Nigeria ignored IMF on $5bn UAE Loan – Oyedele

Dailypost | 01-07-2026 07:59pm |

Nigeria’s minister of finance, Taiwo Oyedele, has explained why it did not put into consideration the advice of the International Monetary Fund on the $5 billion First Abu Dhabi Bank loan. Speaking after the Federal Executive Council meeting on Monday, Oyedele confirmed Nigeria’s drawdown of $1.5 billion. According to him, the federal government gets the

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