#LootedBrokeNation: Nigeria Goes A borrowing, A sorrowing: To Beg For $6 bn “Gbese” From World Bank

The Federal Government, in a bid to cushion the impact of oil price drop on the nation’s economy, is seeking external loans worth $5.7bn (N2.97tn) from its development partners to finance infrastructure projects contained in the 2015 budget.

The development partners, from whom the loan will be sourced are the World Bank, African Development Bank, Islamic Development Bank and China Export-Import Bank.

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