April 7, 2020/Coronation Report

Nigeria needs help to tide it through the coronavirus lock-down. Without the kind of financial penetration and large government of developed countries it is very difficult for it to inject liquidity into its financial system effectively.

In fact, the crisis underlines the limited size of the Nigerian government and of central bank resources. Therefore help must come from abroad. As expected, the International Monetary Fund (IMF), the World Bank and the African Development Bank (AfDB) are in the line-up. What is the thinking of the biggest potential lender, the IMF?

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