Tag: World Bank Loan
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Nigeria’s $1.5B World Bank loan spark concerns
A former Deputy Governor of the Central Bank of Nigeria and presidential aspirant under the African Democratic Congress (ADC) Kingsley Moghalu, has raised concern over Nigeria’s plan to borrow $1.5 billion from the World Bank. As part of the government’s efforts to address the fiscal gap in the 2023 budget, the Minister of Finance, Budget…
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FG eyes $1.5B World Bank loan after $390m Tinubu’s UNGA hotel bill
The Nigerian government is in the process of securing an additional $1.5 billion loan from the World Bank to address the fiscal gap in the 2023 budget. Minister of Finance and Coordinating Minister of the Economy Wale Edun, shared this at the 2023 Annual Meetings of the World Bank and the International Monetary Fund (IMF)…
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COVID-19 : World Bank approves $400m loan to fund vaccine acquisition in Nigeria
The World Bank Board of Directors has approved a $400 million credit to Nigeria in additional financing, from its International Development Association (IDA), for COVID-19 vaccine acquisition. The bank announced this in a statement it issued on Friday, in Washington. The bank said that the fund is meant to provide upfront financing for safe and…
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Nigeria seeks fresh $750million World Bank loan
Nigeria is in the process of taking a fresh $750 million loan, from the World Bank to help states overcome the effect of COVID-19. Minister of Finance, Budget, and National Planning, Zainab Ahmed, announced this in Abuja on Friday. She said the loan would be used to stimulate the local economy and support vulnerable household…
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God will curse Shehu Sani, two other Kaduna senators for rejecting World bank loan – El-Rufai
…Says electorates must reject them in 2019 Governor Nasir el-Rufai of Kaduna State on Friday rained curses on the three senators representing the state for working against a World Bank loan request by the state government. The governor made the comment on Friday, five weeks after the senators — Shehu Sani (Kaduna Central), Sulieman Hukunyi…