Tinubu Obtains $2.7bn World Bank Loans Amid Rising External Debt Servicing Costs
LAGOS DECEMBER 28TH (NEWSRANGERS)-Nigeria secured total loans of $2.7 billion from the World Bank under the administration of President Bola Tinubu amid concerns over the country’s rising external debt servicing costs. The four approved loans are for power ($750 million), women empowerment ($500 million), girl’s education ($700 million), and renewable energy ($750 million), according to…