The Federal Government of Nigeria has submitted a request for a $500 million loan from the World Bank, aimed at enhancing dam safety and addressing other critical water management issues. Eko Hot Blog reports that this substantial financial assistance is intended to bolster infrastructure, ensuring the safety and efficiency of the country’s water resources. The … Read more
Eko Hot Blog reports that the minister of finance and coordinating minister of the economy Wale Edun, announced that the World Bank has approved two major “financial support packages” for Nigeria, totaling $2.25 billion. According to a statement on Thursday, this is part of President Tinubu’s ongoing efforts to stabilise the economy, reposition it for … Read more
Senate approves Tinubu’s $500 million World Bank loan request for electricity meter production Federal Government set to receive $2.25 billion World Bank loan. World Bank funding to be allocated to two major development projects in Nigeria EKO HOT BLOG reports that the Nigerian Senate has granted approval for President Bola Tinubu’s $500 million World Bank loan … Read more
Federal Government seeks World Bank loan approval for $2.25bn Funding Funds earmarked for two major development projects. Loans aimed at enhancing economic stability, resource mobilization, and fiscal reforms in Nigeria. EKO HOT BLOG reports that the Federal Government is gearing up to secure new loan funding from the World Bank, with approval anticipated for loans … Read more
Eko Hot Blog reports that the Economic and Financial Crimes Commission (EFCC) says it has discovered other fraudulent dealings involving COVID-19 funds, World Bank loan, Abacha recovered loot at the ministry of7 humanitarian affairs. In a statement on Sunday, Dele Oyewale, EFCC spokesperson, said the funds were released to the ministry by the federal government … Read more
The Nigerian Government borrowed $800 million from the World Bank to cushion the effect of fuel subsidy removal but postponed the removal and still has the loan. CISLAC, an advocacy group, urges the government to return the loan due to the worsening debt crisis and reckless spending. The group calls for financial watchdogs to monitor … Read more
NOVEMBER 14, 2020 Minister of Finance, Budget, and National Planning, Zainab Ahmed, has said that the Federal Government, is in the process of acquiring a 750 million dollar loan, from the world bank to help states mitigate the effects of COVID-19. The loan, according to her, is to help stimulate the local economy and support … Read more