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abujagirl
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President Muhammadu Buhari on Wednesday announced that the Federal Government has obtained a $2.1 billion credit from the World Bank to rebuild the North-East zone which has been plagued by boko haram insurgency.
According to PREMIUM TIMES, announcing the loan, President Buhari hailed the decision of the World Bank and other donor agencies to invest $2.1 billion in rebuilding the troubled region.
''The World Bank will spend the 2.1 billion dollars through its (International Development Agency), which gives low interest rates loans to government,. The first 10 years will be interest free, while an additional 30 years will be at lower than capital market rate. The World Bank is eager to move in quickly, give out the loans, and give succor to the people of North-east, long at the mercy of an insurgency that has claimed over 20,000 souls.
''WHO is also to invest 300 million dollars on immunization against malaria in Nigeria, while the Bill and Melinda Gates Foundation will collaborate with Dangote Foundation to ensure that the country maintains its zero polio case record of the past one year'', President Buhari said.
According to PREMIUM TIMES, announcing the loan, President Buhari hailed the decision of the World Bank and other donor agencies to invest $2.1 billion in rebuilding the troubled region.
''The World Bank will spend the 2.1 billion dollars through its (International Development Agency), which gives low interest rates loans to government,. The first 10 years will be interest free, while an additional 30 years will be at lower than capital market rate. The World Bank is eager to move in quickly, give out the loans, and give succor to the people of North-east, long at the mercy of an insurgency that has claimed over 20,000 souls.
''WHO is also to invest 300 million dollars on immunization against malaria in Nigeria, while the Bill and Melinda Gates Foundation will collaborate with Dangote Foundation to ensure that the country maintains its zero polio case record of the past one year'', President Buhari said.
