Eventful In Partnership with FirstBankAfter many critiques impediments, President Mohammadu Buhari finally succeeded securing a $6 billion loan (5.3 billion euro) loan and a currency swap deal, Vanguard reports.
It is recalled that in January, International Monetary Fund (IMF) Managing Director, Christine Lagarde visited Nigeria and maintained that neither she nor her team had come to negotiate a loan with the country.
She thereafter urged Nigeria to abandon its strict currency controls and to seek help from the international institutions.
Mr. President has been on tour to over 20 nations since he assumed office in May last year with the mission to secure funds for an expansionary budget to kick-start the flagging economy.
Ironically, the traveling of Buhari has earned him an appellation “Waka waka President” meaning the always on move president.