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Nigeria World Bank Grants Nigeria $632M Loan Despite Debt Concerns
The World Bank has approved a $632 million loan for Nigeria to boost education and nutrition, despite concerns over rising debt. This follows a $500 million loan last week for economic resilience. While officials welcome the funds, critics question the country’s growing debt burden. The World...- Nigeria News
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- Category: Business
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Nigeria Nigeria's $51bn Debt and Shrinking Revenues Signals More Hardship for Citizens
Image by Oluwaseyi Aiyeobasan from Pixabay In a sobering assessment of Nigeria's financial health, the Federal Government has voiced alarm over the country's escalating public expenditure in the face of diminishing revenue streams. Punch Newspapers reports that the Accountant General of the...
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