Finance Minister, Edun, gives further clarification on $1.5bn World Bank loan

The Federal Government said on Monday that it has obtained two loans to finance various projects in important economic sectors, one from the African Development Bank for $80 million and one from the World Bank for $1.5 billion.

Wale Edun, the Coordinating Minister of the Economy and Minister of Finance made this disclosure during a media briefing with State House correspondents in Abuja.

He noted that the FG would get $1.5 billion in total before the end of the year if it kept up its end of the bargain.