African Development Bank Calls Off Proposed Loans to Nigeria 1 234 567

African Development Bank Calls Off Proposed Loans to Nigeria

voanews.com

The African Development Bank has called off a loan to Nigeria that would have helped fund the country's budget, instead redirecting the money to specific projects, a vice president at the lender said on Monday.The African Development Bank had been in talks with Nigeria for around a year to release the second, $400 million tranche of a $1 billion loan to shore up its budget for 2017, as the government tried to reinvigorate its stagnant economy with heavy spending.But Nigeria...

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