Royal Times of Nigeria.
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
TRENDING
Be your brother’s keeper – Gov AbdulRazaq charges...
NSF: Kwara defeats Delta, clears medal table in...
Kwara Grant-Aided Schools Resume Academic Classes April 12
AbdulRazaq Expresses Happiness as Kwara APC Chieftains Bag...
Edo 2021: Kwara Dep Governor Visits Kwara Athletes,...
Gov Inuwa Commissions CAN Guests House in Gombe,...
AbdulRazaq Purchases 2000 Copies of Oyedepo’s book
Ilorin Innovation Hub teams up with Afrilabs
AbdulRazaq Launches KWASSIP Command Centre
Kwara Govt Recruits Into Civil Service
Constitution Amendment: Kwara APC Submits Memoranda to Party...
AbdulRazaq Govt Rewards Kwara Recipients of 2018/2019  NYSC...
450 patients benefit from Kwara govt free eye...
Kwara To Become Livestock Processing Hub of North...
Tinubu to chair Aisha Buhari’s book presentation

Royal Times of Nigeria.

Banner
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy
News

Nigeria seeks fresh two-point-five billion dollars loan from World Bank

written by Esther faroye September 20, 2019
Nigeria seeks fresh two-point-five billion dollars loan from World Bank

Despite a two-point-four billion dollars loan obtained by Nigeria in 2018, the World Bank has said it is in talks with Nigeria for a fresh loan of two-point-five billion dollars. Vice-President for the African division of the World Bank, Hafez Ghanem, who disclosed this to newsmen, said that the current economic performance of Nigeria is not enough to reduce poverty, hence the need to accelerate growth.

Ghanem said that it is important to resolve the problems of the power sector in Nigeria to bring in more investments, so as to make the economy more competitive for the development of industries.

He added that the World Bank is supporting digital transformation in Nigeria because of its potential ability to transform other areas of the economy including industry, agriculture and services.

President Muhammadu Buhari’s government has increased its borrowing to finance government spending, with domestic debt at fifty-five-point-six billion dollars and foreign loans at twenty-five-point-six billion dollars.

Join our twitter community :

Follow @royaltimesng
0 comment
0
Facebook Twitter Google + Pinterest
Esther faroye

previous post
JUST IN: Osinbajo presides over National Economic Council
next post
National Economic Council approves one hundred billion naira for implementation of NLTP

You may also like

Customs clarifies duties payable by airlines

March 23, 2021

Governor Abdulraham approves two hundred million naira counterpart...

July 6, 2019

Sokoto Government to spend 751 million naira on...

May 31, 2017

Presidency Transmits Minimum Wage Bill To NASS

January 23, 2019

Sudan crisis: Protest leaders demand end of deep...

April 15, 2019

You can’t continue to subsidise electricity | GenCos...

July 12, 2017

IVTEC matriculates 199 students for special certificate program

September 27, 2018

300 new cases of COVID-19 in Nigeria- NCDC

November 9, 2020

Internet Fraudster wanted by FBI surrenders to EFCC

September 22, 2020

Three policemen remanded for stealing rifles

August 26, 2019

Leave a Comment Cancel Reply

Facebook
  • Gov Inuwa Commissions CAN Guests House in Gombe, Harps on Unity

    April 9, 2021
  • Naeto C & Nicole celebrate their first child Marobi

    March 26, 2021
  • Prince Harry, Meghan’s royal exit will become a movie

    March 25, 2021
  • Hollywood actor loses appeal in libel case

    March 25, 2021
  • AFCON : We know how to beat Nigeria – Michel Dussuyer

    March 23, 2021
  • NSF: Kwara defeats Delta, clears medal table in squash

    April 11, 2021
  • Edo 2021: Kwara Dep Governor Visits Kwara Athletes, Cheers them to Victory

    April 9, 2021
  • UFC champion Israel Adesanya apologises for rape comment

    March 26, 2021
  • Abramovich sues over claims of ties to Putin

    March 25, 2021
  • AFCON : We know how to beat Nigeria – Michel Dussuyer

    March 23, 2021
  • Facebook
  • Twitter
  • News
    • Politics
    • World
  • Opinions
    • Editorial Opinion
    • Advertorial
  • Metro
  • Lifestyle
  • Foreign
  • Sports
  • Editorial Policy

@2017 -Royaltimes of Nigeria. All Right Reserved.