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FG seeks fresh $500m World Bank loan

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FG seeks fresh $500m World Bank loan

09 Nov, 2026

 

The Federal Government is seeking a fresh $500m loan from the World Bank to establish an infrastructure financing platform, with the proposed approval scheduled for 25 May, 2027, just four days before the inauguration of Nigeria’s next president. The proposed borrowing comes as political activities intensify ahead of the 2027 general elections, raising questions about the timing of fresh financial commitments and their implications for the incoming administration..........................READ MORE