ABUJA — The National Economic Council has approved a new $4.5 billion facility, Project Gazelle 2, to refinance about $1.5 billion outstanding on an oil-backed loan taken in 2023. Finance Minister Taiwo Oyedele said the deal will release an additional $3 billion for reserves and budget priorities, and reduce the crude oil pledged to the lenders from 90,000 to about 78,750 barrels per day.