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FG In Talks With World Bank For Fresh $1.25bn Loan
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FG In Talks With World Bank For Fresh $1.25bn Loan
The Nigerian government is negotiating a new $1.25 billion loan with the World Bank. This follows a warning from the Accountant-General about potential rejection of loan facilities due to delays in approval and disbursement.
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The Briefing Africa
May 12, 2026 · 06:25 · 5 min read
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The Nigerian government is negotiating a new $1.25 billion loan with the World Bank. This follows a warning from the Accountant-General about potential rejection of loan facilities due to delays in approval and disbursement.
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The ongoing discussions between the Nigerian government and the World Bank highlight the urgent need for financial support amidst concerns over bureaucratic delays that could hinder economic recovery efforts.