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JAMB Government 1997 Question 47

Question 47

Nigeria's Foreign Policy

Nigeria established a trust fund for other African countries with the

  1. A.International Bank for Reconstruction and Development
  2. B.Nigerian Industrial Development Bank
  3. C.African Development Bank
  4. D.Economic Commission for Africa
Show the answer and explanation

Answer: C (African Development Bank)

Explanation

In 1976 Nigeria set up the Nigeria Trust Fund, managed by the African Development Bank, to give cheap loans to poorer African countries.