Nigeria to Borrow Almost $1 Billion From World Bank Unit
This article is for subscribers only.
Nigeria approved borrowing of $945 million from the International Development Association, an arm of the World Bank, for irrigation and drainage projects, Minister of State for Finance Bashir Yuguda said.
The borrowing consists of $495 million for irrigation projects in states including Kano, Sokoto and Zamfara; $250 million for urban water projects in Bauchi, Ekiti and Rivers states; and $200 million to improve drainage in Ibadan, Nigeria’s third-biggest city.