FEC Greenlights $3.45bn World Bank Loan for Five Projects
The Federal Executive Council (FEC) has given its approval for a $3.45 billion World Bank loan application to finance five projects. According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the zero-interest loan will be repayable over 40 years with a 10-year moratorium, commencing payments in 2033. The projects to…