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Nigeria: World Bank Approves $1.5bn Loan for States' Covid-19 Response

Nigeria: World Bank Approves $1.5bn Loan for States' Covid-19 Response
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

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W'Bank Approves $1.5bn Loan for States' COVID-19 Response

Obinna Chima
The World Bank Group has approved a $1.5 billion package to help build a resilient recovery post-COVID-19 for state-level intervention in Nigeria.
In addition, the multilateral institution discussed a new five-year Country Partnership Framework (CPF) from 2021 to 2024 for Nigeria.
The $1.5 billion was part of a $3 billion loan request the federal government had been pushing for.
A statement from the bank yesterday reiterated that Nigeria was at a critical juncture, adding that with the sharp fall in oil prices as a result of COVID-19, the economy was projected to contract by over four per cent in 2020.
This, it anticipated, would plunge the country into its deepest recession since the 1980s. ....

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World Bank's, IMF's loans to Nigeria in 2020 hit $11.465b

World Bank's, IMF's loans to Nigeria in 2020 hit $11.465b
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

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Breaking News | World Bank approves $1.5bn COVID-19 recovery, stimulus for Nigeria

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The World Bank Group has approved a 1.5 billion dollars 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.
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 per cent in 2020.
This, it said, would plunge the country into its deepest recession since the 1980s. ....

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BREAKING: World Bank approves $3bn for Nigeria

BREAKING: World Bank approves $3bn for Nigeria
thenationonlineng.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenationonlineng.net Daily Mail and Mail on Sunday newspapers.

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