NIGERIA’S WORLD BANK LOANS TO REACH $9.65BN IN 2025.(PHOTO).

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 Nigeria’s World Bank Loans to Reach $9.65bn in 2025 Nigeria’s World Bank debt is set to hit $9.65bn by year-end, with total support including grants at $9.77bn, funding projects in health, education, power, and digital infrastructure. Loans rose from $2.7bn in 2023 to $4.25bn in 2024, before easing to $2.7bn in 2025, with IDA loans totaling $7.3bn and IBRD loans $2.35bn. Grants over three years reached $122m. Economists warn rising debt could strain finances if not paired with stronger revenue mobilisation. The World Bank accounts for 41% of Nigeria’s $46.98bn external debt.
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GOV. OBASEKI PRESENTED A N153.4 BILLION BUDGET TO THE EDO STATE HOUSE OF ASSEMBLY.{PHOTOS}.#PRESS RELEASE.

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I have presented a N153.4 billion budget proposal to the Edo State House of Assembly, for the 2021 fiscal year, representing a 9.7% increase from the revised 2020 budget and comprising N94.8 billion for recurrent expenditure and N58.6 billion for capital expenditure.
The budget document, christened, ‘Making Edo Great Again (MEGA) Budget', is exclusively pinned on robustly responding to the dislocations caused by the coronavirus pandemic, whilst building a workforce of the future.
The proposed 2021 budget would address challenges in critical sectors of the economy, with increased targeted investments on the state’s most valued resource – its people.
With the collaboration of the Honourable house, we have designed a unique instrument through which the state government can also attract private sector funding targeted at key development projects.
Receiving the 2021 budget proposal, Speaker of the Assembly, Rt. Hon. Marcus Onobun, commended my prioritizing the welfare of Edo people and assured me that the document would receive their due consideration and passage.More photos below.




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