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Stabilization of the economy in Nigeria: the World Bank approves a total loan of 2.25 billion dollars

17/06/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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In a statement released last Thursday, the World Bank announced that it had approved a total loan of $2.25 billion for Nigeria to help stabilize its economy following reforms and increase support for the poor.

Nigerian Finance Minister Wale Edun said last April that the country was seeking up to $2.25 billion in loans from the World Bank. The minister expected the bank's board of directors to approve the request in June. The bank has thus responded to this request. She also said she had approved a loan of $1.5 billion to support reforms in Nigeria and another $750 million to accelerate revenue mobilization.

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