Nigeria

(i) No amount/estimate: Reducing interest rates on all applicable CBN interventions from 9% to 5%; (ii) No amount/estimate: Lowered the policy rate from 13.5% to 12.5%. As of 22 September 2020, this has been further reduced to 11.5%. The symmetric corridor has also been adjusted to +100 and -700 basis points; (iv) No amount/estimate: 1 September 2020, Announced to all deposit money banks that the interest rate on local currency savings deposits shall be negotiable subject to a minimum of 10% per annum of the Monetary Policy Rate.

(i) No amount/estimate: Strengthening of the loan-to-deposit ratio policy; (ii) No amount/estimate: Extended the deadlines for compliance with the revised minimum capital requirements for all categories of Microfinance Banks (MFBs) by one year.

(i) No amount/estimate: 1 April 2020, Suspension of the payment of the new electricity tariffs scheduled to commence on 2 April; (ii) 3 April 2020, No amount/estimate: Nigerian banks prohibited from retrenching or laying off any staff of any cadre (both full-time and part-time); (iii) No amount/estimate: 14 May 2020, The President also ordered an increase of the social register by 1 million households to 3.6 million to help cushion the effect of the lockdown.

(i) USD50 million grant from the European Union; (ii) USD3.4 billion (100% of quota) approved under the IMF's Rapid Financing Instrument; (iii) Pending requests of USD2.5 billion from the World Bank and USD1 billion from the African Development Bank; (iv) As of 26 May 2020, USD41.4 million in assistance, which includes more than USD3.3 million for health assistance and USD34 million in IDA humanitarian funding for risk-communications, water and sanitation, infection-prevention, and coordination; and nearly USD4.1 million in MRA humanitarian assistance for vulnerable people; (v) 5 June 2020, USD288.5 million loan from the African Development Bank to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses; (vi) 7 August 2020, USD114.28 million from the World Bank to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level responses. USD100 million is a loan from the International Development Association (IDA) and the balance a grant from the Pandemic Emergency Financing Facility; (vii) 11 November 2020, USD250 million from the UN Plus Offer for Socio-economic Recovery; (viii) 15 December 2020, USD1.5 billion from the World Bank for social protection and strengthened state-level COVID-19 response to help build a resilient recovery post-COVID-19; (ix) No amount/estimate: 5 March 2021, Nigeria received 4 million vaccine doses from the COVAX facility.