Join @Naijakit On Telegram For Instant Updates (Click Here)
World Bank approves $1.5Billion Loan to strengthen Nigeria’s Economy
The World Bank has finally approved Nigeria’s request for a $1.5 billion loan.
World Bank made this known in a statement on Tuesday, noting that the loan is aimed to boost Nigeria’s efforts to reduce poverty.
The apex Bank Board of Directors approved the $1.5 billion for two projects, which include: Nigeria Covid-19 Action Recovery and Economic Stimulus –Program for Results (Nigeria CARES) and the State Fiscal Transparency, Accountability and Sustainability Program for Results (SFTAS).
It also stated that Nigeria is at a critical juncture, hence the approval of the loan
“With the sharp fall in oil prices as a result of COVID-19, the economy is projected to contract by over 4% in 2020, plunging the country into its deepest recession since the 1980s. Government revenues could fall by more than 15 billion dollars this year, and the crisis will push an additional 5 million Nigerians into poverty in 2020,” the statement read in part.
Naijakit creates content to benefit users and artists alike. We do this by showing data in an easy-to-digest format.
We help artists track their progress, promote songs and reach their target audience.
We have permission from the artists to display most of our content, where we do not request permission, Naijakit use content under fair use for purposes such as criticism, comment, news reporting, promotion, and research.
Please do not hesitate to contact us, If Naijakit has infringed on your copyright or the copyright of someone you represent, and you want your media files and lyrics to be removed from Naijakit database.
Naijakit will respond to “any and all take-down requests” that comply with the requirements of the Digital Millennium Copyright Act (DMCA), and other applicable intellectual property laws.
Where we get songs to upload?
Naijakit have an upload form on the site, where users have to be registered
to upload song. Admin look at the song and decide if to approve it or not after some checks.
We also receive songs from artists representatives, artists, bloggers asking us to promote songs on our site.
Naijakit TV
Ex-Oyo Governor, Abiola Ajimobi Is Dead
Goodluck Jonathan Carries Out International Assignment As Voting Begins In Tanzania
Edo: Again, University of Ibadan confirms Obaseki’s certificate
#EndSARS Protester who was Stabbed by Thugs yesterday in Abuja, Dies today (See Photos)
Kidnapping: Police warn travellers, students; reveal emergency lines
Oshiomhole Carpets INEC Over Card Readers
Moment Davido tried to Run Away as Police Officers Threatened to Shoot (Watch Video)
Obasanjo Speaks On EndSARS Protests, Urges Youths To Stop The Protests
NDLEA arrests 70, seizes 1,537KG of Illicit Drugs in Kano State
I Can’t Enter A Mosque To Pray For Buhari — Sule Lamido
Write a Comment