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Thursday, January 18, 2024

Nigerian Govt Approaches World Bank for $1.5b To Alleviate Severe Dollar Shortage

The Minister of Finance, Wale Edun, has disclosed that Nigeria is in talks with the World Bank for up to $1.5 billion funding to alleviate severe dollar shortage.
He said the move will also support the national budget as the severe dollar shortage has contributed to the Naira’s steep decline.


Edun said this on Wednesday in a Bloomberg Television interview with Francine Lacqua.

“We’re hoping to get $1 billion or $1.5 billion from the World Bank.
“It is a matter of discussion at the moment, but we think we will get the support because we are continuing with our reforms,” he said.
from dailypost

15 comments:

  1. Not again! Dollars that they will share to themselves and their cronies.
    They have vaults in their houses where they hide these dollars and they expect the common man to believe it's part of the reforms?
    Mtcheew.

    ReplyDelete
    Replies
    1. Excellementeeee.. When we warned them that the mandate was too old, feeble and doesnt have ANY educational background to be stood some said 'what God can't do don't exist'.. .... Others said ' this administration will favor me and my family' .....

      Las las hyperinflation will RESET our minds.


      From the desk of,
      You already know

      Delete
    2. 2027 they will still support him . I have honestly given up on Nigeria.

      Delete
  2. They know why there is a shortage

    ReplyDelete
  3. They keep borrowing and borrowing and stealing and stealing.

    ReplyDelete
  4. Water into basket policies

    ReplyDelete
  5. Can the monopoly of bureau de change be made available to anyone interested not just a particular tribe or region.

    ReplyDelete
  6. All our dollars dey with politicians; kidnappers and bourdillon dems

    ReplyDelete
  7. Thieves!!! All of them!! They're stealing for their generations unborn, while leaving unpaid debts for OUR generations unborn. Na only God go punish all of una

    ReplyDelete

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