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The International Monetary Fund, IMF, Borrowed Money From Nigeria in 1974- Second Republic, Alhaji Abubakar Alhaji

“I weep for Nigeria for what it has become today. The country has vast resources that if well harnessed, could lead the country to greater heights.

‘’In 1974 when I was permanent secretary at the Federal Ministry of Finance, the IMF approached us for a loan. I signed the agreement on behalf of Nigeria. Unfortunately, today’s expenses of government have driven us into recession.

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