Nigeria Seeks $10bn Credit to Address Humanitarian Challenges

The Federal Government of Nigeria is appealing for a $10 billion credit at a 4% interest rate to tackle humanitarian challenges and create wealth for millions of internally displaced persons. The Minister of Budget and Economic Planning, Abubakar Bagudu, emphasized the need for long-term financing to address the country's growing humanitarian issues.

The government aims to deploy the funds to support sustainable livelihoods and reduce the burden on displaced individuals. Dr. Yusuf Sununu, the Minister of State for Humanitarian Affairs, highlighted the importance of durable humanitarian solutions.