The IMF says it plans to raise at least $45 billion for a new trust to help low-income and vulnerable middle-income countries cope with protracted challenges like pandemics and climate change.
The World Bank collection of development indicators says Nigeria is among lower-middle-income countries with a gross national income per capita of $2,157 in 2019.
IMF Managing Director Kristalina Georgieva says they must not lose sight of the critical actions needed today to ensure longer-term resilience and sustainability.
She added that the goal of the trust is to redistribute funds from wealthier countries to more vulnerable ones as members look to support global economic recovery from the Covid-19 pandemic.