Despite mounting debts, Tinubu to take another $1.5bn World Bank loan

The Federal Government is about securing another $1.5 billion loan from the World Bank, despite mounting debt pressure hanging on the country.

The new $1.5 billion loan, according to the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, would soon be released since it has been in pipeline for a while.

According to Edun, given the prevailing high interest rate regime across the world, the FG will focus on initiatives for financing on reasonable terms.

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