{"id":3738,"date":"2024-12-13T06:34:27","date_gmt":"2024-12-13T06:34:27","guid":{"rendered":"https:\/\/panoramanews.com.ng\/?p=3738"},"modified":"2024-12-13T06:34:27","modified_gmt":"2024-12-13T06:34:27","slug":"nigeria-seeks-world-bank-approval-for-500m-loan-request-tinubus-10th","status":"publish","type":"post","link":"https:\/\/panoramanews.com.ng\/index.php\/2024\/12\/13\/nigeria-seeks-world-bank-approval-for-500m-loan-request-tinubus-10th\/","title":{"rendered":"Nigeria seeks World Bank approval for $500m loan request, Tinubu’s 10th"},"content":{"rendered":"

\"\"<\/p>\n

President Tinubu<\/p>\n

By Amah<\/p>\n

Kindly share:<\/p>\n

The World Bank is expected to meet on Friday (today) to to take a decision on a $500 million loan application by Nigeria, according to information obtained from the Washington-based institution on Thursday.<\/p><\/div>\n

<\/div>\n
The loan, which is coming under the Rural Access and Agricultural Marketing Project \u2013 Scale Up, is\u00a0geared towards boosting rural access and agricultural marketing in the country.<\/div>\n
\n\u201cWhile the eligibility for state participation under RAAMP required the drafting and placement of Road Fund and Roads Agency bills in the State house of assemblies, the new project would require the states to have a fully functional Roads Fund and Roads Agency with appointed boards and staff, and provision for administrative costs made in the state budget. In addition, RARAs offer an opportunity to foster women\u2019s representation in the transport sector,\u201d the document read.<\/p>\n

It would be the 10th loan project from the institution under the administration of President Bola Ahmed Tinubu, which had already\u00a0secured loans worth $6.45 billion from the World Bank in 16 months so far.<\/p>\n

This means that the loan amount would increase, following the recent approvals of three new loans totalling $1.57 billion from the World Bank for various projects in Nigeria.<\/p>\n<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

President Tinubu By Amah Kindly share: The World Bank is expected to meet on Friday (today) to to take a…<\/p>\n","protected":false},"author":1,"featured_media":3739,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,294,2,3],"tags":[954],"class_list":["post-3738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-economy","category-entertainment-showbiz","category-news","category-politics","tag-world-bank-loan"],"yoast_head":"\nNigeria seeks World Bank approval for $500m loan request, Tinubu's 10th - Panorama News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/panoramanews.com.ng\/index.php\/2024\/12\/13\/nigeria-seeks-world-bank-approval-for-500m-loan-request-tinubus-10th\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nigeria seeks World Bank approval for $500m loan request, Tinubu's 10th - 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