The World Bank has agreed to give Nigeria $2.5bn loan.
According to Minister of Finance, Kemi Adeosun, the loan is meant to bridge the N1.8trn deficit in the budget, and also to fund infrastructural projects
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One of the conditions for the release of the initial tranche of $1.5bn is a reform of Nigeria’s Forex market.
The Nigerian government has been in talks with the bank on the loan since January 2016.
