FG To Implement $700m ACReSAL Project in 19 States, FCT The federal government has revealed plans to resolve environmental challenges in 19 Northern states and the Federal Capital Territory (FCT) through the World Bank-sponsored Agroclimatic Resilience in Semi-Arid Landscapes (ACReSAL) Project. The World Bank December last...

Nigeria’s IDA Debt Now $11.7bn - DMO       Nigeria’s International Development Association (IDA)’s Debt Stock stands at USD11.7 billion, the Debt Management Office (DMO), has said. “IDA loans represent one of the most favourable borrowing options for countries like Nigeria and is also consistent with the Medium...

W/Bank Lists Nigeria, Nine Others High-debt Risk Nations       The World Bank has stated that Nigeria is among a list of top 10 countries with high debt risk exposure. It stated this in the financial statement for International Development Association, which was among the World Bank FY21...

Nigeria Owes World Bank, Eurobond, Others N12trn         At least, 67 per cent of the $31.985 billion (N12.193 trillion) outstanding external debt of Nigeria is for loans taken as Eurobond, a commercial loan, and from the International Development Association (IDA) as of September 2020. According to records...