• Wednesday, December 06, 2023
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Nigeria gets $300m AfDB loan


African Development Bank Group has approved a loan of $300 million to finance the transport sector and economic governance reform programme and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.

The loan aims to support Nigeria to accelerate reform implementation in the areas of transport sector governance, and public expenditure management. Reform measures include the establishment of a Federal Road Authority, National Road Maintenance Fund, Road-Tolling Policy, and Axel Load Control Policy.