Africa Business News

Nigerian Government Seeks $1.5bn Loan Facility from World Bank

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The federal government disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank. The Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, pointed out that Nigeria has become almost number one on people's list when they want to look at where to invest. He promised that there would be a coordination of monetary and fiscal policies, just as he pledged that President Bola Tinubu's administration will not breach Ways and Means limits.