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World Bank to Discuss Nigeria’s $2.25bn Loan Request in June

dampen growth in Nigeria

By Adedapo Adesanya  The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, has disclosed that the Board of the World Bank would meet in June to consider the final approval of Nigeria’s request for a $2.25 billion single-digit interest financing package. Recall that the Minister announced the financing request at the end of the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Sunday. He had stated that the package, approved by the Board of Directors of the World Bank, offers a 40-year term with a 10-year moratorium and a nominal one per cent

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