Nigeria: AfDB Offers Nigeria $1 Billion to Fund 2016 Budget Shortfall

The African Development Bank (AfDB) has pledged to offer a $1 billion loan to Nigeria, to support the country with the funding of the $2.2 trillion shortfall in the 2016 budget. The facility attracts a 1.2 per cent interest rate. AfDB President, Akinwunmi Adesina, made the announcement when he led a delegation of the regional bank…

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ACTUALITÉ AFRICAINE À TOUTE HEURE

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