Nigeria targets $10B capitalization for proposed Wholesale Development Bank of Nigeria (WDBN): Ngozi Okonjo-Iweala, Nigeria's Minister of Finance

Ngozi Okonjo-Iweala, Minister of Finance, Nigeria

The Minister of Finance, Dr. Ngozi Okonjo-Iweala, has said the Federal Government is targeting capital base of $10bn for the proposed Wholesale Development Bank of Nigeria.

Okonjo-Iweala, who said this in an interview with Bloomberg TV Africa on Saturday, said the bank would start off with about $2bn, with financial support from the World Bank and Africa Development Bank, among others.

Read more: FG targets $10bn capitalisation for development bank – Nigeria Business News – Nigeria Business News.