The federal government of Nigeria, under the leadership of President Bola Ahmed Tinubu, is in the process of securing a new loan of $1.25 billion from the World Bank. This funding, designated for the Nigeria Actions for Investment and Jobs Acceleration initiative, aims to bolster investment and create job opportunities within the country. The proposal for the loan is nearing approval and is expected to be presented to the World Bank board on June 26, 2026. This move comes as Nigeria grapples with a record high in national debt levels.
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