Reports reaching us has it that Nigeria has reportedly approached the World Bank for yet another loan to the tune of $2.5 or N767.3 billion.
This is in a new tranche of concessionary lending.
Recall that Nigeria received $2.4 billion loan just last year from the bank.
According to Bloomberg, the Bank’s Vice President for Africa, Hafez Ghanem made this disclosure in Abuja Wednesday night.
Ghanem stated in an interview that in the past year, Nigeria received $2.4 billion from the World Bank, while he stated that Nigeria and the world bank are in talks over a new $2.5 billion loan. “We’re talking about a new set of programs of about the same amount, it should be around $2.5 billion,” he said.
Desert Herald
