Audio By Carbonatix
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.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
APSU 2002 launches GH¢5.4m teachers’ apartment project ahead of St Augustine’s 97th anniversary
32 minutes -
Ansa-Asare criticises Council of State, says body has become “100% partisan”
1 hour -
Sophia Akuffo’s council of state appointment was constitutionally flawed from the start — Ansa-Asare
2 hours -
Ofori-Atta’s US green card is “a victory” but no shield against extradition – Kofi Bentil
2 hours -
Wa West MP pushes for revival of stalled Dorimon E-Block, tackles urgent kindergarten furniture shortage
2 hours -
OSP’s procedural failure on Ofori-Atta gave US immigration court the opening it needed – Ansa-Asare
2 hours -
I advised Ofori-Atta to return home and face charges – Ansa-Asare
2 hours -
Ofori-Atta saga was not fair, infringed on his dignity – Ansa-Asare
3 hours -
Ken Ofori-Atta would be in danger of assault if he returns to Ghana – Kofi Bentil
3 hours -
If Ofori-Atta has nothing to fear or hide, he should return and face charges – Clement Apaak
3 hours -
Ofori-Atta’s reported Green Card status signals US does not fully agree with Process – Kofi Bentil
3 hours -
High Court issues interim injunction over Afigya Sekyere East NPP polling station album
3 hours -
Interdiction is ridiculous — Ofori-Boadu demands stronger punishment for teachers who sexually exploit students
4 hours -
We expect sanctions for both teacher and student in Bole SHS misconduct case – Clement Apaak
4 hours -
Teacher, student both culpable under GES code in Bole SHS misconduct case – Clement Apaak
4 hours