Nigeria to Borrow $6.9 Billion to Counter Coronavirus Spread
- State to tap IMF rapid-credit facility, expects funds by May
- Minister says talks are underway for two-year debt moratorium
A view of the near-deserted business district in Lagos, Nigeria, on April 2.
Photographer: Vanessa Ade/Getty Images
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Nigeria plans to raise as much as $6.9 billion from multilateral lenders to help fund efforts to stop the spread of the coronavirus and counter its impact on Africa’s largest economy.