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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PRESIDENT BUHARI SETS THE BALL ROLLING FOR A BIG MILITARY OPERATION IN NIGER STATE.{PHOTO}.#PRESS RELEASE.

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 PRESIDENT BUHARI SETS THE BALL ROLLING FOR A BIG MILITARY OPERATION IN NIGER STATE


President Muhammadu Buhari as Commander-in-Chief of the nation’s armed forces has set the ball rolling for a major military operation in Niger State which has faced continued attacks on its communities by bandits and remnants of Boko Haram terrorists fleeing theaters of war in the Northwestern and Northeastern parts of the country.


In a directive to the Defence Headquarters a few days ago, the President asked the military to respond robustly to the cases of killings and kidnappings in the State and to give effect to the strategic objectives through the use of force.


In his message to the government and people of Niger State, President Buhari said, “I would like to express sincere sympathies to the government and people of the State following recent security incidents.”


The President reiterated that security is a responsibility of every member of the community and only through solidarity and cooperation with law enforcement agencies can we defeat the problems finally.


“The Federal Government is willing to strengthen support and cooperation with all the states. I believe that with the full cooperation of the citizens, we will surely overcome this problem,” said the President.


Garba Shehu


Senior Special Assistant to the President


(Media & Publicity)


January 16, 2022

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