The World Bank has approved a total of $2.25 billion loan for Nigeria to stabilise the economy.
According to the Finance Minister, Wale Edun, Nigeria was seeking up to $2.25 billion in World Bank loans and expects the bank’s board to approve the request in June.
According to the World Bank, the loan will support Nigeria’s effort to raise non-oil revenues and promote fiscal sustainability, which will help the West African nation deliver quality public services.