The federal government is expecting a fresh $2.2 billion single-digit interest loan from the World Bank and another budget support facility from the African Development Bank (AfDB). The Minister of Finance, Wale Edun, disclosed this during a press briefing at the end of Nigeria’s activities at the World Bank/IMF Spring…
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The Minister of finance, Wale Edun said the federal government has qualified for processing a 40-year term loan with a 10-year moratorium, which he described
“It is virtually a grant. It is for about 40 years, ten years moratorium and about 1 per cent interest. So that also is part of the flow you can count," an official said.