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NIGERIA/WORLD BANKBack
[Published: Wednesday August 05 2009]

Nigeria secures WB budgetary support

Abuja, 05 Aug-(ANA)-The World Bank has approved a US$500 million Development Policy Credit to support Nigeria’s economic reforms in response to the current global financial crisis.

Benefits to be derived from the program include maintaining confidence and stability in the financial system, strengthening the banking system, supporting reforms spearheaded by the Central Bank of Nigeria.

The objectives of the Nigerian budget 2009 focuses on maintaining fiscal stability and raising government investment spending to accelerate non-oil growth”. (ANA)

FA/ANA/05 August 2009


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