Check out the latest statement from the Minister of Finance, Budget and National Planning, clarifying that Nigeria is not seeking another $800 million loan from the World Bank for fuel subsidy removal palliatives. Read more about this on
The federal government has clarified that it was not seeking another $800 million loan from the World Bank to cushion the impact of the impending removal of petroleum subsidy on vulnerable Nigerians.
But in the statement captioned “Nigeria Seeks No New World Bank Loan-Ahmed,” and issued by her Special Adviser, Media and Communications, Yunusa Tanko Abdullahi on Saturday, the minister said the $800 million in question was the same one secured from the World Bank recently.” “It will be recalled that the facility would be deployed to provide succor to 10 million households, who are expected to get N5,000 each for a period of six months.
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