AfDB Approves $288.5m Loan For Nigeria’s COVID-19 Fight

The African Development Bank has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses.The loan, according to the bank, will bolster the government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact on workers and businesses, and strengthen the social protection system.

“The loan is the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy. Prior to the COVID-19 outbreak, Nigeria’s economy was projected to grow by 2.9% of GDP in 2020 and further expand by 3.3% in 2021. Faal said beyond the country’s immediate economic recovery needs, the bank and other development partners will dialogue with the government on proposals for medium-term structural reforms to diversify and boost domestic revenues away from the oil sector.

This is the most weak government I hv ever experience, is not the borrowing that paining, the fact this country doesn't hv where we are going, I'm sowi to sayy. The is no future in Nigeria

Please where is all the money going cause I assure you it's not covid - 19, because even the frontline doctors haven't been paid any allowance not even hazard. So the question boils down to who is fooling who. Well our trumpet of battle shall sound soon.

I got it! This is why cases are going up like bush fires ?

I can see the reason for your visit and begging for Mr President support for re-election..... Should we say this loan approved is your pledge for the support? 👇👇👇

We are borrowing from all Angels Buhari seff

Reaping the fruit of supporting Akin Adesina for the second term as the President African Development Bank AfDB... 50/50

Very soon they will loan president from other countries

Like Nigeria isn't already in enough debt...

So all this money Buhari government has borrowed who will pay them off ?

Loan loan loan loan loan loan loan loan loan loan loan 😒😒😒😒

Hmmm! After all the donation Nigeria received, we are still hustling for loan!It is well.

Omo 😂

Which stupid fight? Gang of wretched thieves.

Another money has finally come .. COVID 19

Wicked souls, Nigeria is not fighting any Covid-19 that requires a loan.the virus is real but the figures here are fraudulent, the Gov't is just suffering people with obnoxious lockdown and media frenzy, they hv swallowed 2020 budget in the name of Coroner, it's all about d money

Nigeria is still collecting loan eh!

Cash out!

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AfDB Approves $288.5m to Support Nigeria’s COVID-19 Response - THISDAYLIVEBy Obinna Chima The Board of Directors of the African Development Bank (AfDB) has approved a $288.5 million loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The loan is expected to bolster the federal government’s plans to improve surveillance and response to COVID-19 emergencies, ease the impact … sinzuonthiswan
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