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Federal Government to Launch $750m World Bank-backed Programme

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The Presidential Enabling Business Environment Council, PEBEC, has unveiled its plans to kick start a $750million World Bank-funded programme in January next year.

This was disclosed by Vice President, Yemi Osinbajo, during a meeting of the PEBEC on Tuesday.

According to Osinbajo, the $750million operation comprises two main areas, a $730million Program-for-Results Financing component and a $20million technical assistance for investment project financing.

Written by: Helen Obih

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