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
-
How Asamoah Gyan reacted after Ghana was paired with England, Croatia, and Panama for the 2026 World Cup
2 hours -
Ghana Armed Forces opens 2025/2026 intake for military academy
3 hours -
Prime Insight: OSP vs. Kpebu and petitions to remove EC boss to dominate discussions this Saturday
3 hours -
Multimedia’s David Andoh selected among international journalists covering PLANETech 2025 in Israel
4 hours -
Gov’t prioritising real action over slogans – Kwakye Ofosu
5 hours -
England are tough, but we can play against Ghana, Panama – Croatia coach reacts to World Cup draw
5 hours -
Togbe Afede urges Ghanaians to support made-in-Ghana products
6 hours -
We can beat anyone – Otto Addo reacts to World Cup draw
6 hours -
Chief Justice urges judicial staff to uphold compassion and professionalism
6 hours -
MTN Ghana partners open vegetable centre of excellence
7 hours -
GPL 2025/26: Mensah brace fires All Blacks to victory over Eleven Wonders
7 hours -
This Saturday on Newsfile: Petitions against the OSP, EC heads, and 2025 WASSCE results
7 hours -
Ambassador urges U.S. investors to prioritise land verification as Ghana courts more investment
8 hours -
Europe faces an expanding corruption crisis
8 hours -
Ghana’s Dr Bernard Appiah appointed to WHO Technical Advisory Group on alcohol and drug epidemiology
8 hours
