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The World Bank has agreed to give Nigeria a $2.5billion loan to support the 2017 budget but with a condition tied to it.
Business Day reports that the first tranche of $1.5bn will be released following Forex reforms by the Central Bank of Nigeria.
But having already floated the naira and seen its value in a continuous slide against the dollar, it remains uncertain if the Federal Government is ready for such reforms which includes further naira devaluation
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