IMF counsels FG against $5bn UAE loan, seeks higher taxes

Vanguard Newspapers

IMF counsels FG against $5bn UAE loan, seeks higher taxes

•Says 63% of Nigerians live in poverty By Emma Ujah, Abuja Bureau Chief The International Monetary Fund (IMF) has advised the Federal Government against the proposed $5 billion loan from the First Abu Dhabi Bank (FADB) of the United Arab Emirates, warning that the financing arrangement carries significant risks. Speaking during the Nigeria 2026 Article IV […] The post IMF counsels FG against $5bn UAE loan, seeks higher taxes appeared first on Vanguard News .

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