The World Bank has approved Nigeria’s request for a $1.5 billion loan. The bank said the facility was prepared jointly with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA).
World Bank country director for Nigeria, Shubham Chaudhuri, said, “This country partnership framework will guide our engagement for the next five years in supporting the Government of Nigeria’s strategic priorities by taking a phased and adaptive approach.”
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