The loan would rank as the second-largest single World Bank facility secured under President Tinubu, behind only the $1.5 billion RESET, Reforms for Economic Stabilisation to Enable Transformation, Development Policy Financing approved in June 2024.
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The World Bank, which is reviewing Nigeria’s proposed $1.25 billion loan request
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Nigeria continues to battle inflation amid rising external borrowing and reform measures
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Officials discussing economic reforms tied to World Bank financing