The $1.5 billion loan to Nigeria will serve as a relief to the country’s shrinking reserve which has dropped to a three-year low. It would also help states better deal with the economic fall-out of the pandemic
Africa’s largest economies, including Nigeria, South Africa and Angola will face the toughest outcomes yet on account of ongoing coronavirus pandemic which has so far infected some 1.5 million people around the globe and killed 88,500.
This gloomy picture is contained in the World Bank’s late
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