Loan: Nigeria yet to meet world banks expectations |Tvenews

Loan: Nigeria yet to meet world banks expectations

The Nigerian government’s efforts to secure funds from international lenders to help haul the country out of recession may have been stalled.

Report says the government has not submitted the required economic reform plans to the lenders.

Reuters recalled that the Nigerian government had told the lender it would present its proposed reforms to make the economy more resilient and attractive to investors by the end of December.

But this has not happened and as a result of the delay, which the government has not explained, the Washington-based bank has not been able to consider a loan yet,

Reuters said the Minister of Finance, Kemi Adeosun, and the World Bank declined comments.

The Nigerian government’s efforts to secure funds from international lenders to help haul the country out of recession may have been stalled. Report says the government has not submitted the required economic reform plans to the lenders. Reuters recalled that the Nigerian government had told the lender it would present its proposed reforms to make the economy more resilient and attractive to investors by the end of December.
Source TVC