BusinessNewsNigeriaNigeria Secures $2.25 Billion Loan from World Bank
Nigeria scored a win with a US$2.25 billion loan from the World Bank. The loan, which is equivalent to N2.58 trillion, boasts exceptionally favourable terms, making it practically a grant. Wale Edun, Minister of Finance and Coordinating Minister of the Economy, broke the news during a press conference held at the International Monetary Fund (IMF) and World Bank Group meetings in Washington D.C. on Friday. He described the loan as “virtually a grant” due to...