The Nigerian government has secured another $750 million loan from the World Bank to help the country implement necessary actions to improve the business-enabling environment in the states.
The bank disclosed this in a statement in a report titled ‘improving the Business Enabling Environment in Nigeria to Create Jobs and Boost Inclusive Growth.
The facility came from the International Development Association credit to support the Nigeria State Action on Business Enabling Reforms (SABER) programme for results.
The programme is in line with Nigeria’s National Development Plan (NDP), which sets an ambitious strategy for sustainable private-sector-led economic growth meant to create 21 million full-time jobs and raise 35 million people out of poverty by 2025.
