World Bank Okays $1.5bn COVID-19 Recovery, Stimulus For Nigeria By Our Correspondents
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The World Bank Group has approved a $1.5 billion package to help build a resilient recovery post- COVID-19 in Nigeria.
This is according to a statement issued by the group on Tuesday in Washington D.C.
It added that the group also discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024. Nigeria President Muhammadu Buhari
It said that Nigeria was at a critical juncture and with the sharp fall in oil prices as a result of COVID-19, the economy was projected to contract by over 4 percent in 2020.