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Here’s what World Bank’s approval of $1.5bn loan support for states means for economy

Following a five-year country partnership framework (CPF) that will last from 2021 to 2024, the World Bank on Tuesday said it has approved Nigeria’s $1.5 billion loan request. Prepared jointly with the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), the Washington-based institution said the approved loan is to support Nigeria with…

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