A statement issued in Abuja on Thursday said the loans were approved in Washington DC on Wednesday and were for seven projects to support Nigeria’s investment in nutrition, access to electricity, states’ fiscal transparency, polio eradication, women’s economic empowerment, public finance and national statistics, and reducing vulnerability to soil erosion.
The World Bank Country Director for Nigeria, Rachid Benmessaoud, was quoted to have said, “The Federal Government of Nigeria’s Economic Recovery and Growth Plan identifies human capital investment, restoring growth and building a competitive economy as its key pillars.
“This vision for a healthy, educated, productive and resilient population must be complemented by credible governance in order to attract private sector participation and ensure sustainable growth. The approved projects support the implementation of the government’s growth plan. According to the statement, the World Bank Group has extended its Country Partnership Strategy for Nigeria until June 30, 2019.
From punch
*Where is all the monies they supposedly collected from looters?what about the Abacha loot?I dont get it..why borrow money again????who will pay back????
Who will repay all these borrow borrow debts?
ReplyDeleteI weep for this country. There may never be a country called Nigeria in few years because if we go on like this, we may never survive it!
DeleteIs it not obvious,the Poor Citizens nah,Thiefs....
DeleteSad sigh again. What have we done to buhari to deserve this? Why is this man bent on destroying this country? The abacha loot should have be able to fund one of the projects on the list up there rather than sharing it to his almajiri brothers
DeleteMtchewwww
ReplyDeleteI wish I could write to world bank, they shouldn’t give us this money, because it’s still a few people that will eat it, they things they claim they will use it for will still be waiting for the next president, moreover who will pay the debt.
DeleteBuhari isn’t ashamed of himself, his citizens are either leaving the country or committing suicide, at just too much
I thought after Abachas loot, there won't be need to borrow. We just like to borrow
ReplyDeleteThis government will not stop to act foolishly,what is wrong with using the abacha loot..yeye...I said it,,,something is smelling
ReplyDeleteMc pinky
Can they just sell off this excuse of a country and share the money to everyone? Let's all find our square root. Thieves in suits and agbadas
ReplyDeleteOlorun,I'm tired,let them sell and give us change we're not doing again
DeleteHelp me ask them. Dont they plan on paying back? They are just burying Nigeria in more debt.
ReplyDeleteAll d monies allegedly recovered from looters has entered voice mail. Abachas loot no headway. Diezianis own nko
We wont hear who they shared it to.
All of this is to finance Buhari's election next year. The bribing and enough greasing of hands that will be done.
as in eh. wen I saw the headline, eat cane to my mind was the looted cash. this country is a great mess. the masses are suffering deeply. and they are denying global report for overtaking India in poverty level. ike gwuru
ReplyDeleteAnother debt for Nigeria, And yet no infrastructural development. Sigh.
ReplyDeleteThey want to divert the Abacha loot in the guise of giving it out to Nigerians
ReplyDeleteThis one na money for election
ReplyDeleteMy uncle Buhari don use Christians as collateral for this loan wallahi.
ReplyDeleteYou went to borrow money yet you are planning on sharing the one you recovered from Abacha loot, do these people think that all Nigerians are Almajiris... .How did i find myself in the mist of these mumu people, is it not better they divide this country.
ReplyDeleteThis money is going for election.
ReplyDeleteThey are going to use the money for campaign... Please usa, we dont need your money oh. We ave 500MILLION DOLLARS PLUS THAT WAS A LOOT RECOVERED FROM ABACHA
ReplyDeleteLwkmd
DeleteHas anyone wondered why the first world countries don't get loans from the world bank?
ReplyDeleteThe first world countries are the world bank.
DeleteGod have mercy on this country. Who would pay back all these loans. Didn't Germany give them money last year as well. No sustainable plan for the economy, just eating money like imbeciles.
ReplyDeleteKai! This is caption na wa!
ReplyDeleteI thot dey gave a "Nigerian" o.
You guys are getting the dividend of what you voted for, beat me but it is the truth
ReplyDelete