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World Bank Approves $2.25bn to Strengthen Nigeria’s Economy

dampen growth in Nigeria

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By Adedapo Adesanya The World Bank has approved two significant financial operations aimed at boosting Nigeria’s economic stability and providing support to millions of vulnerable citizens amid reforms.   According to a statement from the bank late on Thursday, the combined package, totalling $2.25 billion, comprises the $1.5 billion Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Program (DPF) and the $750 million Nigeria Accelerating Resource Mobilization Reforms (ARMOR) Program-for-Results (PforR).   The funding is intended to provide immediate financial and technical support for Nigeria’s urgent economic stabilization efforts.  It also aims to enhance the country’s

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