Nigeria Seeks $5bn Loan From Saudi Arabia, Raising Question About Its Foreign Reserves

The Nigerian government is pursuing a $5 billion trade loan from Saudi Arabia, aiming to invigorate its ambitious economic reform agenda which focuses on sectors critical to national growth, such as agriculture, oil and gas, and infrastructure. According to Bloomberg, the presidency confirmed the request on Tuesday after President Bola Tinubu’s meeting with Saudi Arabia’s [...]The post Nigeria Seeks $5bn Loan From Saudi Arabia, Raising Question About Its Foreign Reserves appeared first on Tekedia.

Read More