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BREAKING NEWS: FG to borrow fresh $1.75bn from World Bank, reasons emerge

by Citynobs September 6, 2025, 1:30 am

BREAKING NEWS: FG to borrow fresh .75bn from World Bank, reasons emerge

The Federal Government of Nigeria is in the process of obtaining new financing from the World Bank amounting to $1.75 billion, despite recent announcements of a significant increase in national revenues.

President Bola Tinubu stated on Tuesday that Nigeria has already exceeded its revenue targets for 2025.

In a follow-up clarification, the Presidency revealed that Nigeria collected N20.59 trillion between January and August 2025, reflecting a 40.5% increase compared to the N14.6 trillion accrued in the same period the previous year….CONTINUE FULL READING>>>

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