The World Bank has already approved a $2.25 billion loan for Nigeria to support its economic reforms and stabilize the economy.
The loan package includes:
$1.5 billion for the Nigeria Reforms for Economic Stabilization to Enable Transformation (RESET) Development Policy Financing Program (DPF)
$750 million for the Nigeria Accelerating Resource Mobilization Reforms (ARMOR) Program-for-Results (PforR)
This combined package aims to provide immediate financial and technical support to Nigeria’s efforts to stabilize the economy and scale up support to the poor and most economically at risk.
However, I couldn’t find any information on whether the World Bank plans to approve additional loans for Nigeria this year.
