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Nigeria close to securing $3 billion World Bank facility


Nigeria’s Minister of Finance Zainab Ahmed said Nigeria is close to securing a loan of $1.5 billion and another $1-1.5 billion for the Federal Government and states respectively. The fund is being sourced from the World Bank

 This  information which was passed on  in  a Citi Bank Investor update call with the Federal Government of Nigeria and organized by Citi Bank.
The update titled “Covid-19 Economic and Budgetary Update” had the following representing Nigeria on the panel;
  • Mrs. Zainab S. Ahmed – Finance Minister
  • Mr. Godwin Emefiele – CBN Governor
  • Ms. Patience Oniha – DG DMO
  • Mr. Ben Akabueze – DG Budget Office
  • And a representative of the Hon. Minister of Health.

According to Zainab “World Bank Negotiations is on course and we are looking at world bank going to the board on 6th of August for Nigeria’s approval. They have met largely all the conditions for the facility.



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