IMF SAYS NIGERIA, FOUR OTHER AFRICAN COUNTRIES ARE SEEKING $600 BILLION LOAN TO MITIGATE CLIMATE CHANGE
The International Monetary Fund (IMF) has said that Nigeria, Ethiopia, Cameroon, South Africa, and Somalia are seeking $600bn in climate financing support from financial institutions. The Washington-based lender also said that Nigeria is struggling to attract climate-related Foreign Direct Investments (FDI) due to its inability to end parallel foreign exchange rates and other policy uncertainties….
