Nigeria is about to get a big loan from the World Bank, which will help the country with its finances. The loan is for $2.25 billion and has a low interest rate. The World Bank’s board will meet in June to make the final decision.
The Finance Minister, Wale Edun, explained that Nigeria’s economy is doing better, and they expect it to grow by 3.4% this year. This is partly because the government has been careful with its money and made some smart decisions.
The loan will be used for different things like improving the economy, helping people with housing, and supporting programs to help those in need. The government is also working on making sure the Nigerian currency, the Naira, stays strong.
The Nigerian government claims that the loan will be a positive step to help Nigeria’s economy grow and improve the lives of its people.
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