The World Bank has disbursed $1.5 billion to Nigeria, acknowledging the government’s recent economic reforms. These include the removal of fuel subsidies and the implementation of tax policies aimed at boosting revenue.
This funding is part of a broader $2.25 billion financial package designed to stabilize the Nigerian economy and support vulnerable populations impacted by these measures.
The reforms and associated funding are seen as crucial steps toward addressing the country’s fiscal challenges and fostering sustainable economic growth.
