World Bank Releases Fresh Loan Conditions To State Governors As Nigeria Borrows $9bn In 3 Years

The World Bank has said that it borrowed Nigeria over $9bn in the last three years for developmental projects with 70 per cent going to sub-nationals.

The Washington-based lender said it is willing to provide more financial assistance to States to eliminate extreme poverty but insisted on its position that every loan taken by governors must be accounted for.