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Home Business News Business

FG secures $72 million from World Bank for states to develop land information systems

William Ukpe by William Ukpe
November 24, 2020
in Business
FG secures $72 million from World Bank for states to develop land information systems
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The Nigerian government has announced that it has secured the sum of $72 million from the World Bank for the 36 states of the federation to develop a land information system.

According to Punch, this was disclosed on Monday at the Geoinformation Society of Nigeria 2020 Annual Conference in Abuja by Ogbonnaya Onu, Minister of Science and Technology, who was represented by the Acting Director-General, National Space Research and Development Agency, Francis Chizea.

READ: Remittances to sub-Saharan Africa totaled $48 billion in 2019

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“The application of information technology is the main driver of the recent World Bank space characteristics and responsibility programme anchored by the Federal Ministry of Finance, Budget, and National Planning.

“This programme secured $2m each for all the 36 states of the federation to develop states land information system aimed at gathering improved primary data,” he said.

He also added that the scheme is expected to create 50,000 jobs nationwide.

READ: IGR: States generate N612.9 billion in H1 2020, dips by 11.7% 

(READ MORE: UN to support Nigeria, Burkina Faso and others with $100 million to prevent famine)

What you should know

This comes after Nigeria recently announced that it would seek a World Bank loan of $750 million to help combat the effects of the pandemic on Nigeria’s economy.


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Tags: Francis Chizealand information systemOgbonaya OnuWorld Bank
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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