Tag: Budget Support Loan
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Nigeria’s $1.5bn World Bank budget support loan request hits fresh road block
Nigeria’s 1.5 billion dollar budget support loan request is “still in the works”, says Shubham Chaudhuri, World Bank Country Director for Nigeria. Chaudhuri said this on Thursday in Abuja, at a media conference on the presentation of the World Bank Nigeria Development Update (NDU) for December. The report titled “Rising to the Challenge: Nigeria’s COVID…
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Governors reject FG’s planned deduction of N162m from budget support loan
The 36 State governors have rejected the proposed plan by the Federal Government to extend the repayment period of its budget support to state government from 20 to 30 years. With the extension, state governments’ monthly repayment will reduce from N252 million monthly to N162 million monthly. The Minister of Finance, Budget and National Planning,…