State governments / State governments (aggregators)

Nigeria - First Edo State Growth and Employment Support Credit Project : summary of discussion

The Executive Directors approved a single-tranche credit to the Federal Republic of Nigeria for the First Edo State Growth and Employment Support Program in the amount of SDR 48.4 million (US$ 75 million equivalent) on the payment terms and conditions set out in the President's Memorandum. The Directors underscored the program's critical role in engendering reforms critical to growth, employment, and improved service delivery, not only in Edo State, but in other Nigerian states as well, through the expected positive demonstration effects. They noted the risk mitigation measures and underscored…