World Bank Approves $500m Loan For Nigeria

World Bank Approves $500m Loan For Nigeria …C0NTINUE READING HERE >>>

The World Bank has given the green light to a $500 million loan to support the Sustainable Power and Irrigation for Nigeria (SPIN) initiative to mitigate challenges of climate conditions.

World Bank’s Regional Director, Sustainable Infrastructure Development for West and Central Africa, Chakib Jenane, announced this during a visit to the Minister of Water Resources and Sanitation on Thursday in Abuja.

Jenane said the SPIN project was approved during the World Bank’s Board meeting on September 26, adding that it was scheduled to commence in January 2025.

He added that the project is…

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