₦airaland Forum

The World Bank is set to approve a new loan totalling $1.5billion to the federal government.

The financial institution’s project list indicated that the loan will be approved on September 26.

The $1.5 billion will be distributed through three major development projects aimed at improving Nigeria’s economic stability and resource mobilisation capacity. The projects, targeting crucial sectors such as healthcare, agriculture, and infrastructure, are pivotal for the country’s sustainable development and economic stability.

A breakdown of the projects showed the World Bank will approve $500 million for the first project tagged ‘Nigeria: Primary Healthcare Provision Strengthening Programme’.

The World Bank did not disclose the cost of the first project.

Another $500 million will be approved for the ‘Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) – Governance’ project, which has a project cost of $700 million.

The third project, ‘Sustainable Power and Irrigation for Nigeria,’ will also receive $500 million, but has a project cost of $10.75 billion.

One of the loan requests – ‘Rural Access and Agricultural Marketing Project – Scale Up,’ will receive $500 million by December 16. The other on ‘Solutions for the Internally Displaced and Host Communities Project,’ slated for an approval date of April 8, 2025, will receive N300 million.

In May, the Bureau of Public Enterprises (BPE) said the federal government has secured a $500 million loan from the World Bank to boost electricity distribution in the country.

The federal government had received $750 million from the World Bank for humanitarian and social reforms and $1.5 billion for its economic stabilisation plan.

Also, on June 3, Wale Edun, minister of finance and coordinating minister of the economy, said the World Bank board of directors would consider a loan of $2.25 billion for Nigeria.

Source: https://dailytrust.com/World-Bank-set-to-approve-$1.5bn-loan-to-Nigeria

Abeg make them no borrow again.
Shebi them say BAT get plenty Moni, make im dash Nigeria some na.

This world Bank love Nigeria too much to dey dash us money anyhow

Again

Why exactly !?

These Caucasians are also part of the corruption problem that we have in Africa! Are they now trying to tell us that they're ignorant of all the bribery and corruption going on in Africa, especially Nigeria?! Yet, they keep giving loans !!

The other day, most governors borrowed billions of dollars for one audio project or the other...

Why $1.5b, why didn't dey loan us $1.5trillion? I just like the Way everybody dey pretend say Nigeria never enter wahala with Tinubu. We go learn for this country by Force. The truth is that the more we take loans then our currency will continue to lose value because we have thieves as leaders who will loot the loans. Don't worry Nigerians soon we will be but fuel for 2k per liter and buying Big loaf of bread for 5k . We all go learn

We are done for . The Builder of Lagos .

Your Strategy is not Working , It's a Reality.

Yorubas , Igbos , Hausas , Fulanis , All Nigerians are Affected by your Policies .

No direction , No Objectivity , No Meaningful Economic restoration Committee .

No Evaluation and Analysis of Policies and Impact .

Just make Policies ... Chai !

Can't count the numbers of beggars shouting Ebin Npa waooo , Thought it's only in Lagos , Travelled to my home town , " IRE" Osun state Recently.

I heard Broda , Ebin npa waooo , eko lo joko si , kosi ajile lati se ikan ogbin , epo ti won bi oju. Kosi Owo.


Baba gbajue abeg help us now

Getting clearer day by day that Nigeria is definitely ruled from the outside,with the massive natural,mineral,human resources that abounds in this country and we are still borrowing money from world bank and IMF and seriously it is a shame to the zoo. Tinubu what dirt do they have on you?

Tinubu is in a Rush to steal as much forex as possible

Is there no halal loan to tap into?

Perils of being a resource dependent country.

We are going to keep on taking more and more loans, until the Agbado People's Congress wake up and realize that if NIgeria wants to go from being loan taker to loan giver...like China...it needs to do what the big boys do...and become a manufacturer of goods and services the world needs, instead of exporting oyel.

But they no go do am, na to export oyel and more oyel,......and share the money, and export more oyel.

Hmmm. Loan will not kill us in this country. Whereas yahaya bello and ganduje & co will still the money for their personal use

Nigeria has sold its soul that 100 generation will swearing for Tinubu and the rest of bad leaders. See the greediness of a man praised by his kinsmen that's a economy strategist, an accountant. Its a done Deal .

Nigerians GOOD AFTERNOON TO U ALL.

World bank, una no dey see or hear wetin dey happen in 9ja !... D hardship and hunger and una wan stil add more hardship and suffering to it. Na every loan una dey approve ? May be I go write una for a loan too oo and make una no approve my loan first.. Una eyes go clear .Nonsense

'Nigeria a typical example of how a nation ought not to be'. Prof S. Okodudu ...Uniport.
How people who have businesses in Nigeria make profits but he who manages the affairs of those businesses runs into borrowing still remains a mystery to decipher.
Nigeria has no reason to borrow. Just go to NPA and take a look of ships waiting to be unladened. They all pay tax. Look at the number of companies in Nigeria they all pay taxes. Go to our land border any goods coming in would pay tax heavily. I haven't mentioned the oil industry but at the end Nigeria doesn't have money. They will borrow.
Anyone who borrows a drunken man in a drinking bar money in the midst of his stupor to continue drinking is wicked.
World Bank still giving Nigeria loan knowing full well that it will be looted is wicked. If Nigeria has a need for loan, the proposal should be submitted to World Bank and World Bank should by themselves deliver the project without passing money to our government.

A woman ruled Liberia for some years and never for one day did she borrow a penny from World bank. Please fact-check me.

Oxb90:
Abeg make them no borrow again.
Shebi them say BAT get plenty Moni, make im dash Nigeria some na.

exactly

Borrow Borrow Corn3

Food don DON ..new reconstruction of villa loading with a brand new car..

Tinubu is not paying subsidy but has borrowed more money in the last 15 months than what Buhari borrowed throughout his eight-year tenure, despite paying subsidy and making sure that the price of petrol remained below #200 per litre. 

Tinubu has blatantly refused to tell Nigerians how much has been saved so far from subsidy removal.

This BAT should get lost!
Where exactly is the gains of fuel subsidy removal which he himself claimed that Nigeria is having some months back?

If govt no longer subsidize fuel, why is he hiding from telling nigerians the truth. I don't know why Tinubu choses to enmesh himself in secrecy! For once, why can't he be transparent enough?

saphiere:
A woman ruled Liberia for some years and never for one day did she borrow a penny from World bank. Please fact-check me.

That is because Liberia had undergone years of severe civil war, and had defaulted on debt payments all those years....so they got some debt refilef from the IMF and world bank...which makes sense

Even then, at the end of the woman's tenure...debt did rise , and they still also got 'aid' from donors...which are essentially loans.

Before Ghanaians began feeling the pains of excessive debts, Liberians, in 2010, celebrated the freedom of limited debt when donors canceled Liberia’s $4.5B loans and gave the country an opportunity to borrow money and finance programs. The international partners canceled the total debts of USD $4.5B (Principal was $1.9B and Interest was $2.5B), excluding domestic debts of USD $270M. (See page # 37 of the 2007 Annual Report of the Central Bank of Liberia-CBL).


Passing on the corruption torch
Unfortunately, our former President, Mrs. Ellen Johnson Sirleaf, did not follow the 2009 Public Financial Management Laws but rather increased Liberia’s debts to $870M by 2018. Liberia would have advanced forward in real growth without borrowing more money had her administration reduced corruption, and prudently used billions of dollars donated by donors, and appropriately used the new banknotes it printed frequently.

Her handpicked successor, President George Weah, is not only increasing Liberia’s debt burden but rather he and his advisers are also stealing the government’s resources. President Weah has yet to account for the $25M borrowed to buy back mutilated old banknotes; the government can’t account for the L$16B, and can’t provide documents for the use of the 23M collected for Road Fund.

Sauce

Can this help

With all the taxing of everything plus oxygen, subsidy removal everywhere without protest.

We still borrowing.

Haba

What is Nigeria using all these money ? No road,no security no visible plan or vision. Just hope tomorrow they won't tell BAT to increase the fuel price again. Always borrowing to loot in my own opinion

NYSC
Now Your Suffer Continue.

And the chopping continues... It's my turn!
EMILOKAN

Eh eh, congratulations

Loan will kill Nigeria. Money that would be squandered. Loan is what is killing this country. Costing cost in governors and remove waste is better than loans.

Tinubu loans is pillings to billions of dollars already? He is not paying subsidy so what did he spent those money on?

Private jet and cruise ship.

Deepspirituals:
We are done for . The Builder of Lagos .

Your Strategy is not Working , It's a Reality.

Yorubas , Igbos , Hausas , Fulanis , All Nigerians are Affected by your Policies .

No direction , No Objectivity , No Meaningful Economic restoration Committee .

No Evaluation and Analysis of Policies and Impact .

Just make Policies ... Chai !

Can't count the numbers of beggars shouting Ebin Npa waooo , Thought it's only in Lagos , Travelled to my home town , " IRE" Osun state Recently.

I heard Broda , Ebin npa waooo , eko lo joko si , kosi ajile lati se ikan ogbin , epo ti won bi oju. Kosi Owo.


Baba gbajue abeg help us now

The harsh reality of the country right now

Make APC kuku sell the country to world bank.. Bas tards

Turubu will handle................


While settimma will handle..........