IMF REPRIMANDS TINUBU GOVT: Borrow $5b From UAE Lender At Own Risk, Your Reform Benefits Yet To Reach Millions Of Nigerians
*Loan Being Sought Is To Refinance Debt, Pay For Infrastructure *Poverty Level Now 63%, Millions Hungry, It Says International Monetary Fund (IMF) on Tuesday warned of risks surrounding Nigeria's plan to borrow up to $5 billion through a derivatives agreement with First Abu Dhabi Bank, saying such transactions are often opaque and complex, according to a report in Reuters. Senate in April gave its approval to the agreement, joining other African borrowers like Senegal and Angola who have tapped similar arrangements over the past year. "Our view is that the transaction in these types of structures carry risks. Usually they…












