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WORLD BANK CREDIT FACILITY
The Federal Government of Nigeria may forfeit $10 million from a World Bank credit facility by June 30, 2025, due to audit shortcomings, delays in launching a national budget portal, and slow implementation of a revenue assurance system, according to a restructuring paper issued by the World Bank.
The loan portfolio of @WorldBank under President Muhammadu Buhari-led administration has increased by 29.98 per cent from December 31, 2016 to December 31, 2018, a Debt Management Office (@DMONigeria) statistics showed.