Nigeria is not seeking IMF loan – budget ministry – Reuters

ABUJA Dec 9 (Reuters) – Nigeria is not considering a loan from the International Monetary Fund as the government seeks funding options to plug holes in its budget, a spokesman for the budget minister said on Friday.

Akpandem James said the government was exploring internal and external sources for loans and would consider institutions that lend on concessionary terms for offshore funding.

“The federal government does not have need to go to the IMF for any loan at this time,” the spokesman said in a statement. (Reporting by Camillus Eboh; Writing by Chijioke Ohuocha)