'1% interest rate' — Nigeria secures $2.25bn World Bank loan

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Wale Edun, minister of finance and coordinating minister of the economy, says the country has qualified for a World Bank loan of $2.25

billion.during a press conference held at the annual meetings of the International Monetary Fund and World Bank Group on April 20.

“If you look at the fact that we have qualified for the processing, just this week to the board of directors of the World Bank of a total package of $2.25 billion,” he said.“There is no such thing as a free lunch but it is the closest you can get to free money.

 

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