Nigeria Still Owes Us N190 Billion ----- IMF

The International Monetary Fund , IMF, says that  Nigeria has completely re- paid the $3.4 billion owed it  in COVID-19 financial assistance through the Rapid Financing Instrument, RFI.
It, however, noted that the Federal Government still owed it about  $30 million about N48.2 billion to be paid annually over four years as fees associated with the Special Drawing Rights, SDR, charges
 totalling over ₦190 billion.
SDRs are additional foreign exchange reserve assets established and maintained by the IMF, representing a claim to currency held by member countries for potential exchange.
The announcement of the full repayment of the loan sparked mixed reactions, even as  the presidency embarked on enthusiastic celebration.
Senior Special Assistant to the President, Otega Ogra, shared a widely circulated post on