Nigeria: Despite $81bn Debt Burden, Nigeria Seeks $2.5bn World Bank Loan

20 September 2019

Nigeria and the World Bank have begun talks for a loan of $2.5 billion in a new tranche of concessionary lending by the multilateral financial institution.

In the past year, Nigeria received $2.4 billion from the World Bank, World Bank's Vice President for Africa Region, Mr. Hafez Ghanem, told Bloomberg Thursday in an interview.

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