The African Development Bank has loaned Nigeria just over $288m (£227m) to help it deal with the impact of the Coronavirus pandemic.
The finance minister warned last month that Nigeria's economy - Africa's largest - could shrink by up to 9%.
It's suffered a big hit from the global slump in oil prices in recent months.
There have been proposals to reduce basic healthcare spending by almost half, and make significant cuts to the education budget.
In April, Nigeria received an emergency package worth about $3.4bn from the International Monetary Fund (IMF), to help support the economy during the pandemic.
Source: bbc
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority. |