In a statement on Tuesday, the Bretton Wood institution said the facility is a five-year Country Partnership Framework (CPF) that will last from 2021 to 2024.

“This country partnership framework will guide our engagement for the next five years in supporting the government of Nigeria’s strategic priorities by taking a phased and adaptive approach,” Shubham Chaudhuri, World Bank country director for Nigeria said.

“To realize its long-term potential, the country has to make tangible progress on key challenges and pursue some bold reforms. Our engagement will focus on supporting Nigeria’s efforts to reduce poverty and promote sustained private sector-led growth.”

The bank’s board of directors also approved $1.5 billion for two projects in Nigeria.

The projects are: Nigeria COVID-19 Action Recovery and Economic Stimulus – Program for Results (Nigeria CARES) and The State Fiscal Transparency, Accountability and Sustainability Program for Results (SFTAS) Additional Financing
https://www.thecable.ng/breaking-world-bank-finally-approves-1-5bn-loan-for-nigeria
Lalasticlala
Mynd44

Autopilot don cash out again

Excellent!

We will use this money to fight insurgency and insecurity, we cannot allow kidnappers to be picking our people from the north anyhow.

Don't worry about the repayment, Lagos ports and Niger Delta oil will always pay

Buhari's cow in happy mood

Finally our Naira is gone.
Expect to exchange $1 to N1000 by next year.
Nigerians brave up for harsher times

By asserting to this slavish economic decision, the IMF should never in their life say anything about the moribund Nigeria economy.They are all wicked tool of oppression by the western imperialists.

I will only be concerned if zombies here defending Buhari & APC upandan here without no shame directly gets 0.000000000000001% share of the billions & I don't.
Oh! I forgot 30k every 6 months
They borrow to chop alone,u come here to kill yourself for them, suffering & smiling...unreasonable dundies!

The people giving loans to Nigeria are equally stupid, why give loans to a perennial debtor ?

A time will come world bank will ask for bvn and acct no then pay in the loan to all citizen equally.

another loot don land

Loan Loan Loan

Are this people not even creative enough to generate new source of income?

More looting

[s]

helinues:
Loan Loan Loan

Are this people not even creative enough to generate new source of income?

[/s]

I pity whoever becomes the president in 2023 because nobody will be willing to loan us money again.

World Bank is also part of our problem. how can you be giving loans to the Nigerian government when they will just loot it

Money for book haram
Everything been worked out before the approval

Buhari is working!

EdoFirstBorn:
[s][/s]

I am not going to warn you again

[s]

helinues:


I am not going to warn you again

[/s]