AfDB Approves $288.5m For Nigeria to Tackle COVID-19(AFRICAN EXAMINER) – The Board of Directors of the African Development Bank has approved 288.5 million dollars loan to help Nigeria tackle the COVID-19 pandemic and mitigate its impact on people and businesses. The bank’s Communications and External Relations Department made this known in a statement on Saturday. The bank added that the loan was the Bank’s initial response to help mitigate the slump in oil prices and its impact on the national economy. “Prior to the COVID-19 outbreak, Nigeria’s economy was projected to grow by 2.9 per cent of GDP in 2020 and further expand by 3.3 per cent in 2021. The Bank said it had instituted strong fiduciary measures to monitor the use of COVID-19 funds, and will maintain dialogue, particularly with the Office of the Auditor General in Nigeria, to ensure transparency and accountability.