The International Monetary Fund (IMF) says it has not received any funding request from Nigeria. 

There have been speculations among some in the business circles that the Federal Government was contemplating going to the IMF for financing

But IMF’s African Region Director Abebe Selassie said there is no funding request from Nigeria.

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“No, there has not been a request for funding from the IMF in Nigeria,” Selassie said on Friday in Washington during the unveiling of the regional economic outlook for Sub-Saharan Africa, October 2024.

“To just be very clear, this is also a question that has come up in the context of some other countries. If and when countries turn to us, we hope that they do so having a very clear plan of how they want all kinds of economic reforms they want to pursue.

“And turning to us would be a way to help reduce the funding costs that they face.”