The Federal Government is persuading the African Development Bank (AFDB) to speed up the delivery of the 1 billion Dollar facility promised, as support for the implementation of its 2016 budget.
In making the appeal, the Minister of Budget and National Planning, Senator Udo Udoma says the loan is expected to cover the 35 per cent shortfall in the budget.
He adds that government is relying on the credit facility to boost the economy and spend out of the current recession.
The economic recovery plan of the government has been in the areas of infrastructure development, processing of export zones and the restoration of oil production to 2.2 million barrels per day.