The fresh $1.5bn World Bank loan
Despite exceeding the borrowing limits, the Federal Government is negotiating a fresh $1.5 billion World Bank loan. The government explained that the loan would be used to fund climate resilience projects in some parts of the country, early childhood development and social protection. When approved by the World Bank, each of these three critical interventions will gulp $500 million, respectively. Available information shows that the World Bank will consider the approval of climate resilience facility on October 29, 2026, while that of early childhood development will be on March 15, 2027, and social protection project will be on March 16,…
5th October 2026