The Minister of Finance, Budget, and National Planning, Zainab Ahmed, last Wednesday disclosed that Nigeria has secured a World Bank facility worth $800 million.
According to her, the $800 million is the first tranche of palliatives to be disbursed through cash transfers to about 50 million Nigerians, who belong to the most vulnerable category in the society.
Details of a document seen by PREMIUM TIMES showed that the financing agreement is between Nigeria and the International Development Association (IDA), a part of the World Bank that helps the world’s poorest countries.
