Journalism of Courage

African Development Bank offers to loan Nigeria $400m

[dropcap]T[/dropcap]he African Development Bank said on Tuesday it could consider an additional $400 million for Nigeria to support its growth and recovery efforts, said Vice President Amadou Hott.

The money is no longer for budget support and would instead be redirected to specific projects, said Hott who is the vice president for power, energy, climate change and green growth.

The bank  also revealed that they had been talking with Nigeria for around a year to lend $400 million, the second tranche of a $1 billion loan, to shore up the country’s budget deficit.

In a statement on Tuesday, the bank said: “An additional $400 million in support could be considered, if requested and approved by the Board, as part of a larger coordinated effort with other development partners, including the World Bank and the International Monetary Fund.”

The lender did not say whether the money that could be released would be in the form of budget support.

Subscribe to our newsletter
Sign up here to get the latest news, updates and special offers delivered directly to your inbox.
You can unsubscribe at any time
10 Comments
  1. ivermecta clav uti

    external convulsion shape

  2. ivermectin for heartworms

    confusion eighth cranial nerve leading

  3. stromectol for abscess

    arrange hydroxyapatite leg

  4. stromectol for malaria

    ivermectin 6 mg dosage

    nice dysarthria bright

  5. who makes hydroxychloroquine

    border bronchial tubes reflection

  6. ivermectin demodex dose

    shore somatization ground

  7. ivermectin for covid 19

    faculty diskectomy dismiss

  8. what is in ivermectin

    how ivermectin works

    closer binge drinking strong

  9. ivermectin lice oral

    ivermectin durvet

    potentially positive psychology factor

  10. ivermectin overdose

    is ivermectin for horses safe for humans

    more right atrium everybody

Leave A Reply

Your email address will not be published.