Debt Cancellation: World Bank to Prevail On Nigeria's Creditors

The World Bank has assured the Federal Government that it would prevail on Nigeria's creditors to write off its accumulating debt given the nation's commitment at improving the economy through its programme known as the National Economic Empowerment and Development Strategy (NEEDS). Also, the bank said it could increase the credit line to the nation from $250 million per year to $500 million. [more ]