The Federal Executive Council (FEC) Wednesday approved $200 million World Bank loan for Nigeria’s commercial city, Lagos State, for infrastructural development.
The approval was made known to newsmen after the FEC meeting by the Minister of Information, Lai Mohammed and his Power, Works and Housing counterpart, Babatunde Fashola.
According to them, the loan is part of a $600 million loan granted by World Bank for roads and other infrastructural development projects in Lagos State.
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