World Bank to Spend N785 Billion On Projects in Nigeria

[Leadership]The World Bank has unfolded plans to spend $5 billion (about N785 billion) on 27 projects across the country in the next five years. Also, the African Development Bank (AfDB) sealed a pact to provide two sovereign guaranteed multi -tranche lines of credit of $500 million to Bank of Industry (BOI) and of $200 million to Nigerian Export -Import Bank (NEXIM), to support export -oriented Small and Medium Enterprises' (SMEs) modernisation and expansion.