Digital Transformation: Nigeria In Talks With W’bank For $2.5bn Loan - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
September 20, 2019
World Bank Vice-President forAfrica, Hafez Ghanem has said that the bank is currently in talks with theFederal Government for a two point five billion dollars concessionary loan.
Ghanem who made this known in Abuja,recalled that Nigeria received two point four billion dollars from the bank in2018.
He said the World Bank would supportNigeria’s digital transformation because of its potential ability to transformother areas of the economy including industry, agriculture and services.
The Debt Management Office, DMOlatest figures showed that Nigeria’s debt rised by five hundred and sixtybillion naira between December 2018 and March 2019.
In March 2019, the total foreigndebt stood at seven point eight trillion naira, about twenty five point sixbillion dollars while domestic debt was seventy trillion naira approximatelyfifty five point six billion dollars.