Nigeria has received $774.99m, about 16% of $4.95 billion World Bank loans approved under President Tinubu, new data reveals - 9jaflaver





Light Dark

WELCOME TO 9JAFLAVER

NEWS  |  SOCCER LIVE-SCORE   |  MOVIES   |  +18 ADULT LEAKS   |   INSTALL 9JAFLAVER MUSIC APP   |  HOTTEST 100 SONGS  |  SPORTS  |  CELEBRITY GIST  |  MIXTAPE  |  JOKES  |  COMEDY VIDEOS  |  NIGERIAN MUSIC ARTISTES  |  







Nigeria has received $774.99m, about 16% of $4.95 billion World Bank loans approved under President Tinubu, new data reveals

    Posted by on August 26, 2024,




Nigeria has received $774.99m, about 16% of $4.95 billion World Bank loans approved under President Tinubu, new data reveals



The Federal government has received only 16% of the total loan approved by the World Bank under the administration of President Bola Tinubu.

An analysis of disbursement data from the website of the World Bank shows that as of July 31, 2024, only $774.99 million had been disbursed.


The loans were approved for various projects aimed at economic stabilization, infrastructure development, and social welfare.

In total, these loans amount to $4.95 billion, with a substantial $4.16 billion still awaiting disbursement.

The World Bank data analysis shows that the first project approved under Tinubu’s administration, the Power Sector Recovery Performance-Based Operation, secured on June 9, 2023, has only received $1.12 million of its $750 million allocation.


It is important to note that a number of these loans are conditional, requiring specific criteria to be met before additional funds can be disbursed. These conditions are designed to ensure that the funds are used effectively and that the projects are on track to achieve their intended outcomes.


Note that Data from the external debt stock report of the Debt Management Office (DMO) shows that Nigeria owes the World Bank a total of $15.59 billion as of March 31, 2024.








Promote Article, Music, Video, Comedy Skit & Virals
Call: +2348143945195 Or +2349027283345

Whatsapp: +2348143945195



















Comment Below:-

Enter Name Below (Optional)

         
Enter Comment Below:-



ATTENTION!! CAN'T FIND THE SONG YOU ARE LOOKING FOR? INSTALL 9JAFLAVER GO APP NOW TO GET ALL MUSIC, STREAM AND DOWNLOAD LEGALLY, AND LET YOUR FAVOURITE ARTISTS GET PAID ROYALTIES (CLICK HERE)




Promoted Songs
Great Mumbela


Song Artwork

Now Playing: Love Bug

Aretti Adi






DMCA.com Protection Status

© 2014-2024 9jaflaver. All Rights Reserved.


About us | DMCA | Privacy Policy | Contact us

| Advertise| Request For Music | Terms Of Service


9jaflaver is not responsible for the content of external sites.