- Nigeria’s presidency said on Tuesday the World Bank had pledged to spend up to $2.1 billion to rebuild the northeast of the country that has been devastated by Boko Haram militants.
- President Muhammadu Buhari met with representatives of the World Bank, the Bill and Melinda Gates Foundation, and the World Health Organization during a trip to Washington.
- A World Bank spokeswoman said that during the meeting, the bank said the sum of $2.1 billion could be lent to Nigeria from its development agency and that support could also come from the International Bank for Reconstruction and Development.
- The loan would be spent through the World Bank’s International Development Agency and would be interest-free for the first 10 years.
- The statement said the World Health Organization would spend $300 million on immunisation against malaria, while the Bill and Melinda Gates Foundation would work with Nigeria’s Dangote Foundation to maintain the record of zero polio cases for the past year.
- The States to benefit will likely be Borno State, Bauchi, Yobe, Adamawa, Taraba and Gombe
- Source Reuters
These North-East States Are About to Get $2.1 billion From World Bank
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