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The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and support economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country.

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World Bank approves fresh $2.25b support for Nigeria

The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country.

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Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

The World Bank has approved a $2.25 billion loan for Nigeria to shore up revenue and back economic reforms that have contributed to the worst cost-of-living crisis in many years for Africa’s most populous country

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The World Bank has announced the approval of $2.25 billion in financial and technical support for Nigeria. The facility is in two folds: $1.5 billion for the Nigeria Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing Program (DPF) and $750 million for the Nigeria Accelerating Resource Mobilisation Reforms (ARMOR) Programme-for-Results (PforR). As at […] The post World Bank approves fresh $2.25b suppo…

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The World Bank has approved two financing facilities of $2.25 billion for Nigeria to support the Federal Government's efforts to stabilize the economy.

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Amadou Mahtar Ba

South Africa

Nigeria: World Bank Announces $2.25bn Loan for Nigeria

By Ope Adetayo ABUJA (Reuters) –     The World Bank has approved a total of $2.25 billion loan for Nigeria to help stabilise its economy following reforms and scale up support for the poor, it said in a statement on Thursday. In April, Finance Minister Wale Edun said Nigeria was seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June. Nigeria President Bola Tinubu last year in May initiated the…

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World Bank approves Nigeria’s $2.25 billion loan request

the bulk of the $1.5 billion loan will help protect millions who have faced growing poverty since a year ago when President Bola Tinubu came to power and took drastic steps to fix the country's ailing economy.

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Nigeria secures $2.25B World Bank loan to back reforms despite hardship

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Nigeria bets on a new $2.25B World Bank loan to support reforms that have resulted in hardship

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