World Bank loan Nigeria
FG, States Pile Up N57tn Debt in 18 Months
Nigeria’s public debt profile has expanded significantly under the administration of President Bola Tinubu, with a staggering N57.3 trillion added within just 18 months, according to fresh data from the Debt Management Office (DMO). This 65.6% spike has pushed the country’s total debt from N87.38tn as of June 2023 to N144.67tn by the end of […]
World Bank Set to Approve Nigeria’s $1.1 Billion Loan
The World Bank is likely to approve three loans totaling $1.13 billion for Nigeria by the end of March 2025, as part of its efforts to support the country’s economic resilience, health security, and education reforms. The World Bank loan development comes at a time when Nigeria is facing significant economic challenges, including foreign exchange […]