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The International Monetary Fund (IMF Pledged To Assist Nigeria, Others With Funds.
~1.5 mins read
Nigeria will soon be some billions richer as the International Monetary Fund (IMF) on Monday, November 16, pledged to assist the country with some funds.
IMF says it will be supporting about 70 countries with $99 billion. The money is to tackle COVID-19 pandemic.
According to The Nation, IMF said it advanced $29 billion under the Rapid Credit Facility and Rapid Financing instrument to Nigeria and other beneficiary countries.
The report said Nigeria will get $3.4 billion of the $29 billion out of the money.
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This is coming after coronavirus plunged Africa into its deepest recession in decades.
With this, IMF is trying to support many of the member countries to pull out of the financial implications on their economies.
Nigeria, 69 other countries get $99b IMF cash

The International Monetary Fund (IMF pledged to assist Nigeria, others with funds. Credit: Premium Times

Legit.ng also reported that the federal government is in the process of acquiring a $750 million loan from the World Bank to help boost the Nigerian economy.
Based on current dollar rates, the total sum of the money in naira is N285,375,000.
This loan according to the minister of finance, Zainab Ahmed, will stimulate the local economy and support vulnerable household consumption.
She disclosed this at an event of the Nigeria COVID-19 Action Recovery and Economic Stimulus (N-CARES) programme in Abuja.
Meanwhile, the minister has revealed that the total public debts of Nigeria would hit N38 trillion by December 2021.
The minister disclosed this on Tuesday, November 3, in her presentation to the Senate committee on local and foreign debts.
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Ndoma
Nigerian Student Becomes Rice Seller Due To ASUU Strike
~1.8 mins read
A Nigerian man Oluwasegun is maximising his time at home following the ongoing industrial strike action by the Academic Staff Union of Universities (ASUU) that has been a thing of frustration to many students.
Before the strike began, Oluwasegun was nearing the completion of his bachelor's degree at the Olabisi Onabanjo University.
Oluwasegun in a post on Friday, November 13, said he has taken to selling bags of rice at Daleko Market in Mushin, Lagos state.
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The student said that he is using his time to sell bags of rice.
Photo source: Twitter/Oluwasegun

The student said that he is using his time to sell bags of rice. Photo source: @oflondonn

The Nigerian student studying civil engineering also used the opportunity to advertise to his prospective customers, telling them why what he sells is the best out there.
See his post below:
Many Nigerian students affected by the strike like him took to the comment section to offer support.
Below are some of their reactions:
@Obitriz2 said:
"God bless the hustle make u comot go yankee go do d do. Forget PhD vs Waec."
@Ceo_mil said:
"Una dy do I.T for una shop? Epp a broda."
@onyeka01 said:
"Nice one, after this Xmas season you won’t want to go back to school again."
@emmanwaneri2000 said:
"Welldone sir. But in truth, the future of Nigeria is doomed when undergraduates are selling rice, but high school kids in Western countries are developing computer applications!"
@R3al_monAmi said:
"Oluwa bless the hustle."

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