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Nigeria Seeks $2.25 Billion in World Bank Loans

  • Nigeria is negotiating for up to $2.25 billion in World Bank loans with expected June approval.
  • Abuja plans to issue diaspora bonds to attract much-needed foreign exchange from Nigerians living abroad.

 

Nigeria is poised to secure substantial financial support as it seeks up to $2.25 billion in loans from the World Bank, with a board decision anticipated in June, according to a government statement released after the IMF/World Bank spring meetings in Washington, D.C.

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