World Bank: We have over $8.5bn investments scattered across Nigeria

World Bank Group says it has an investment portfolio of about $8.5 billion scattered across states and regions in Nigeria.

Olufunke Olufon, senior communications officer, World Bank Nigeria, said this in a statement issued in Abuja on Sunday.

She said the investments were to assist the 36 states of the federation and the federal capital territory (FCT) to reduce poverty and foster prosperity.

She noted that the explanation followed concerns raised by Nigerians over the comment by World Bank president, Jim Yong Kim that President Muhammadu Buhari asked the bank to shift its intervention focus to north-eastern states.

She said the bank was also working with federal and state governments, as well as development partners on speedy delivery of critical interventions to people of the north-east which urgently needs assistance.

“In 2015, the government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the north-east of Nigeria,” the statement read.

“To assess the needs of the nearly 15 million people in the region impacted by the crisis, the World Bank Group, the UN and the European Union carried out a Recovery and Peace Building Assessment (RPBA).

“And based on the findings of the assessment, World Bank’s 775 million dollars support to the north-east focuses on restoring basic education, health services, agricultural production, and livelihood improvement opportunities.”

Olufon added that the World Bank Group was doubling its resources to address fragility, conflict and violence at the subnational and national levels and help to stabilise places that were affected by high poverty and influx of people.



This post has been seen 724 times.

About News Agency

Leave a Reply

Your email address will not be published.

x

Check Also

Anambra polls: Police to restrict movement on Niger Bridge from Friday night

The Delta State Command of the Nigeria Police Force has ordered the restriction of vehicular movement between Delta and Anambra through the Niger Bridge, with effect from 12 mid-night on Friday. The Commissioner of Police in the state, Mr Zanna ...

Lagos Court convicts 87-year-old woman of drug trafficking

A Federal High Court in Lagos presided over by Justice Hadiza Rabiu-Shagari, on Thursday looked into a case of 10.3 kg of Cannabis Sativa and convicted an 87-year-old woman, Maria Seriki, of drug trafficking. The judge, however, ordered that the ...

Social Media Auto Publish Powered By : XYZScripts.com
UA-38867477-1