The Board of Directors of the African Development Bank has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and ease its impact on citizens and the economy.
According to a statement by the Bank on Friday, the facility will strengthen the Federal Government’s plans to improve surveillance and response to COVID-19 emergencies and strengthen the social protection system.
Faal noted beyond the country’s immediate economic recovery needs, the Bank and other development partners will dialogue with FG on proposals for medium-term structural reforms to diversify and boost domestic revenues away from the oil sector.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AfDB to assist Nigeria fix post-COVID-19 shocks - Premium Times NigeriaThe African Development Bank (AfDB) says it would support Nigeria to address some emerging shocks triggered by the ravaging impact of COVID-19 pandemic...
Read more »
COVID-19: Ogun may reopen religious centres on June 19Ogun State Governor, Prince Dapo Abiodun on Friday said that the State may reopen religious centres across the state on June 19.
Read more »
Osun to create 15,000 post-COVID-19 jobs annually|p style=
Read more »
ABUTH overwhelmed by COVID-19 patients – Zazzau Emirate|p style=
Read more »
Fijian Prime Minister declares country COVID-19 free – Daily TrustFijian Prime Minister Voreqe ‘Frank’ Bainimarama said on Friday that the Pacific Island country had no more active cases of COVID-19. Bainimarama made this known on Twitter. “And even with our testing numbers climbing by the day, it’s now been 45 days since we recorded our last case. With no deaths, our recovery rate is […]
Read more »
WHO gives latest update of COVID-19 deaths, cases, recoveries in AfricaThe World Health Organization (WHO) regional office for Africa in Brazzaville, Congo, has said that the number of coronavirus (COVID-19) cases in Africa has risen to over 168,464 in the past 24 hours. WHO also said that 73,000 people have recovered from the virus across 54 countries in Africa. The UN health agency gave the
Read more »