JUST IN: Tinubu’s govt seeks fresh $1.5billion loan facility from World Bank

The Nigerian government yesterday disclosed that it had concluded plans to secure a fresh $1.5 billion loan facility from the World Bank.

Edun, a former commissioner of finance in Lagos, disclosed this while speaking with journalists at the ongoing 2023 Annual Meetings of the World Bank and the International Monetary Fund in Marrakech, Morocco. He promised to coordinate monetary and fiscal policies, just as he pledged that President Bola Tinubu’s administration would not breach Ways and Means limits.“On the talks with the World Bank on $1.5 billion budget support, that is correct. The World Bank is the number one multilateral development bank helping developing countries or funding developing countries, projects and programmes, and sectors.

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