Minister of Finance, Budget, and National Planning, Zainab Ahmed, said that Nigeria secured the World Bank facility as a first tranche of palliatives for disbursement through cash transfers to about 50 million most vulnerable Nigerians.
Findings by the News Agency of Nigeria (NAN) revealed that the financing agreement is between Nigeria and the International Development Association (IDA), a part of the World Bank group that helps the world’s poorest countries.
This loan request is coming shortly after the Red Chamber of the legislature approved another request from the President to securitise the pending N22.7 trillion Ways and Means Advances of the Central Bank of Nigerians (CBN).
