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World Bank Approves $2.25 Billion Loan for Nigeria's Tinubu Reforms
Jun 14, 2024, 02:25 AM
The World Bank has approved a $2.25 billion loan for Nigeria to support its economy following recent reforms. The funding aims to stabilize the economy and scale up support for the poor. This decision was announced in a statement on Thursday, backing Tinubu’s reforms.
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Markets
Yes • 50%
No • 50%
Nigerian Ministry of Finance, World Bank, IMF
Below or equal to 3% • 50%
Above 3% • 50%
World Bank, International Monetary Fund (IMF), Nigerian National Bureau of Statistics
No • 50%
Yes • 50%
World Bank, Nigerian National Bureau of Statistics
Above 15% • 33%
Below 10% • 33%
10%-15% • 34%
Nigerian National Bureau of Statistics, World Bank, IMF
Above 20% • 33%
Below 15% • 33%
15%-20% • 34%
Nigerian National Bureau of Statistics, World Bank, IMF
Manufacturing • 25%
Services • 25%
Oil and Gas • 25%
Agriculture • 25%
Nigerian National Bureau of Statistics, World Bank, IMF