Tag: FG Seeks Fresh $1.25bn World Bank Loan

  • FG Seeks Fresh $1.25bn World Bank Loan Amid Rising Debt Concerns

    FG Seeks Fresh $1.25bn World Bank Loan Amid Rising Debt Concerns

    By George Omagbemi Sylvester The Federal Government is seeking a fresh $1.25 billion loan from the World Bank to support economic reforms, job creation, digital expansion, electricity access, and agricultural development under President Bola Tinubu’s administration. The move became public on May 12, 2026, after reports showed that negotiations between Nigeria and the World Bank…