Nigeria gets $300m AfDB loan

by | March 3, 2013 12:54 pm

African Development Bank Group has approved a loan of $300 million to finance the transport sector and economic governance reform programme and the Nigeria Country Strategy Paper (CSP) for the period 2013-2017.

The loan aims to support Nigeria to accelerate reform implementation in the areas of transport sector governance, and public expenditure management. Reform measures include the establishment of a Federal Road Authority, National Road Maintenance Fund, Road-Tolling Policy, and Axel Load Control Policy.