- The World Bank has said that its $75 million loan to the Edo State Government was granted because it was convinced the government would use the funds judiciously to achieve its development goals.
- Defending the decision of the global financial institution to grant the loan, two top executives of the World Bank, Mrs Gloria Joseph Raji and Dr Khwima Nthara said the Bank trusted Edo State Government to use the fund properly as it only provides support to governments the Bank trusts to use its funds for development goals.
- The two exeutives made the disclosure at a 3-day retreat in Abuja for members of the Edo State Executive Council and Permanent Secretaries.
“Each time we came to Edo, we were quite impressed that we were taken around to see the results of these reforms and that is why it was easy for us at the world Bank to sell the reforms programmes in Edo to our Board in Washington,” the Bank exectives said.
