The President Bola Tinubu-led federal government is currently engaging the World Bank on a fresh $1.5 billion loan.
The loan is titled ‘Nigeria Human Capital for Opportunities and Empowerment ’ based on information obtained from the website of the Washington-based institution.
The third was a $700m loan to enhance adolescent girls’ learning and empowerment, and was approved on September 21, 2023. The World Bank is Nigeria’s biggest multilateral creditor, with the country owing about $14.51bn as of June 30, 2023.
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