The Nigeria Sovereign Investment Authority has secured a $700 million loan for the development of the nation’s real estate and agriculture sector.

The Managing Director of the organisation, Mr Uche Orji, gave reasons for the securing the loan on Friday at the signing ceremony of the deal in Abuja.

Mr Orji said both sectors had potentials of providing jobs and reducing poverty.

Giving a breakdown of the loan, he explained that $500 million had been earmarked for the real estate sector while $200 million would be invested into the agriculture sector.

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