Category: Diplomatic Channel

Positive reports on Nigerian diplomacy and international relations!

IFC & Grooming Centre MFB Provides $4.8 Million Facility for Small Businesses

Grooming Centre MFB has signed an agreement with International Finance Corporation (IFC), a division of the World Bank to get a 1.5 billion Naira (about $4.8 million) loan meant to increase access to funding by small businesses in Nigeria

US (USAID) Provides Additional $227.3 Million in Developmental Assistance

poverty

The United States Agency for International Development (USAID) announced $227.3 million in additional developmental assistance to support the five-year $2.3 billion agreement signed with the Nigerian Government in 2015.  This brings the total provided under the agreement to $702 million. The new funding will continue to help Nigeria reduce extreme poverty by stimulating inclusive economic growth, promoting a healthier, more-educated population, and strengthening good governance.