© Reuters. FILE PHOTO: The World Bank logo is seen at the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund in Washington, U.S., April 13, 2023. REUTERS/Elizabeth Frantz/File Photo
ABUJA - Nigeria's cabinet has approved a proposed borrowing of $1.5 billion from the World Bank, its finance minister said on Monday. Olawale Edu, who is also coordinating minister for the economy, told reporters after a cabinet meeting that the World Bank had agreed to process the concessionary financing.
On Friday, the World Bank said it was in talks with Nigeria to provide $1.5 billion in financing, at the request of the government, to support key policy reforms.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.
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