World Bank loan
24 Oct
The Nigerian Federal Executive Council (FEC) has approved a $3.45 billion loan application from the World Bank to finance five projects in the power, renewable energy, states' resource mobilisation, adolescent girls' empowerment, and women's empowerment sectors.
15 May 2023
In August last year, the Nigerian government signed an agreement with the World Bank for a loan of $800 million to fund fuel price increases palliatives for the poor.
14 May 2023
The Chief Executive Officer of Connected Development (CODE), Hamzat Lawal, has advised the Nigerian government to close all leakages that could fuel corruption before proceeding with its plans to access a loan from the World Bank worth $800 million. Lawal, a renowned anti-corruption campaigner, made the comment while speaking on Hard Copy, an interview programme…
13 May 2023
Worried by President Muhammadu Buhari’s request for approval from the Senate for an $800 million World Bank loan to finance the National Social Safety Network Programme initiated by his administration, Nigerians have urged him to put a moratorium on borrowings till he leaves office.