Nigerian Economy: Nigeria Secures Favorable Loan and Eyes Increased Revenue to Boost Economy
A $2.25 billion loan from the World Bank with a remarkably low interest rate of 1% has been secured by the Central Bank of Nigeria. Following the news disclosed by the Finance Minister, Wale Edun, who called it “virtually a grant” due to the extended 40-year repayment period with a 10-year grace period before repayments […]
