The Federal Government has clarified that it is not seeking another $800 million loan from the World Bank to cushion the impact of the impending removal of petroleum subsidy on vulnerable Nigerians.
The Minister of Finance, Budget and National Planning, Zaniab Ahmed who gave the clarification in a statement on Saturday, described the allegation as incorrect.
We had on Thursday reported that President Muhammadu Buhari in a letter, requested “the Senate to kindly approve an ‘additional’ loan facility to the tune of USD8OO million to be secured from the World Bank for the National Social Safety Net Programmeâ€
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