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We Have Spent $11 Billion In Nigeria – World Bank - Politics - Nairaland

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We Have Spent $11 Billion In Nigeria – World Bank by Omooba77: 6:47pm On Aug 08
The World Bank has declared that it has so far spent around $11 billion over the years on projects across Nigeria.

Country Director of the World Bank in Nigeria, Mr Rachid Benmessaoudade, made this disclosure in Abuja on Thursday at the maiden edition of the Nigeria Portfolio Performance Award.



He said the projects which this huge sum of money was spent on over the years were targeted at alleviating poverty and improving the lives of Nigerians.


He described the World Bank’s financial commitment in Nigeria as being among the largest in the entire African continent with over 30 operational projects.

The projects, he said, are spread across health, education, agriculture, social protection, energy, infrastructure, governance, among others, in all 36 states of Nigeria, and the FCT.

He said that 60 percent of the bank’s programmes were implemented at the state level and another 40 percent at the federal level.

Benmessaoudade also revealed that the bank was working on a new country partnership framework “that would outline the new reform challenges that the government faces and how it could support it in implementing solutions to the challenges.”

According to him, “the country partnership strategy is always anchored on the economic reform plan of the government and in this case we have used the Economic Recovery and Growth Plan (ERGP), which is the medium-term programme of the government on which we are anchoring our country partnership framework.”

He said the bank feels that “the world bank can play a catalytic role in creating a conducive environment for private sector to finance infrastructure so that we can create the fiscal space for the government to put more money in human capital and in social spending.”

https://www.independent.ng/we-have-spent-11-billion-in-nigeria-world-bank/

2 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by holllandis: 6:49pm On Aug 08
More like you have spent it in Northern Nigeria

124 Likes 9 Shares

Re: We Have Spent $11 Billion In Nigeria – World Bank by Vulcanheph(m): 6:53pm On Aug 08
11 billion dollars spent on this hellhole and it's still like this.....na wah 4 our leaders o

49 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by bighorlus(m): 6:56pm On Aug 08
Where are the projects undecided

33 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by Garrieveryday: 7:00pm On Aug 08
Can we boast of a corresponding developmental impact to commiserate with the figures?

23 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by Garrieveryday: 7:01pm On Aug 08
Money that only ended up in few pockets.

38 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by Saao(m): 7:21pm On Aug 08
Which Nigeria?

19 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by CodeTemplar: 7:36pm On Aug 08
that's mad amount o.

5 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by otokx(m): 8:01pm On Aug 08
Spent mainly on things that cannot be perceived by every day Nigerians.

5 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by simonlee(m): 8:22pm On Aug 08
They used their own mouth to tell how the money was shared by Nigerian politicians.... 60% at state level and 40% at federal level.

50 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by helinues: 10:06pm On Aug 08
They should rather say they have shared $11bn to present and past government..

Masses are not feeling a pinch of it

51 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by Omooba77: 12:26am On Aug 09
helinues:
They should rather say they have shared $11bn to present and past government..

Masses are not feeling a pinch of it

As in, most of the money find their way into bullion vans in private homes.

Lalasticlala abi?

34 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by Amuocha: 1:03am On Aug 09
How much has APC spent?

useless party grin

7 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by wasiudvd(m): 4:10am On Aug 09
On what exactly?
It should be people in Nigeria government have embezzled $11B from us.
Why not share the money to individuals?

54 Likes 2 Shares

Re: We Have Spent $11 Billion In Nigeria – World Bank by Omooba77: 7:09am On Aug 09
$11bn x 360 =#3.96E12 ?? God have mercy on Nigeria. Mynd you, 65% of these cant be accounted for.

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Re: We Have Spent $11 Billion In Nigeria – World Bank by fergie001: 8:31am On Aug 09
Omooba77:
$11bn x 360 =#3.96E12 ??
God have mercy on Nigeria.
Mynd you, 65% of these cant be accounted for.
The thing even affect your calculator, you use exponential? grin grin grin

Well, everybody knows we saw Nada........where the money went to is obvious.....The country is all messed up.

15 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by blujoi(m): 9:35am On Aug 09
Did you say 65%, more like $10b was embezzled.


Omooba77:
$11bn x 360 =#3.96E12 ??
God have mercy on Nigeria.
Mynd you, 65% of these cant be accounted for.

2 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by bamasite(m): 10:42am On Aug 09
Where is the transaction receipt?

Las las, the more you look, the less you see

7 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by EsquireD(m): 10:42am On Aug 09
Interesting..

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3 Likes 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by Generalwoodz(m): 10:42am On Aug 09
Not in this Nigeria that I'm living o...
Oga world bank dont know that $10billion was stolen sef

The remaining 1B would be spent on substandard projects...

4 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by ModedMode: 10:43am On Aug 09
Meanwhile, one mod here is busy banning people who objects constructively and turns blind to those people posting sextapes and mtn free browsing junks here.

12 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by DennisEche(m): 10:43am On Aug 09
wasiudvd:
On what exactly?
It should be people in Nigeria government have embezzled $11B from us.
Why not share the money to individuals?
SENSE WILL NOT KILL YOU, ATLEAST EVERYBODY GO DE OK

3 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by chiboyjohn: 10:43am On Aug 09
grin
Re: We Have Spent $11 Billion In Nigeria – World Bank by cucumbae(m): 10:43am On Aug 09
Still there has been no improvement.

1 Like 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by hisexcellency34: 10:43am On Aug 09
Oyinbos too are corrupt

1 Like 1 Share

Re: We Have Spent $11 Billion In Nigeria – World Bank by Queenext: 10:43am On Aug 09
Nigerian politicians can't make heaven,even hell sef,cos the devil can't stay same place with them

3 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by dreamworld: 10:44am On Aug 09
But who has been eating the noney

6 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by cwale044: 10:44am On Aug 09
Okay, but what do we exchange with that,bmaybe things worth 10 times of your fund given to be looted by those at the helms of affairs.
Re: We Have Spent $11 Billion In Nigeria – World Bank by Inspectorsuga22(m): 10:44am On Aug 09
Story

1 Like

Re: We Have Spent $11 Billion In Nigeria – World Bank by Nanop1: 10:44am On Aug 09
I don't know if u guys feel d way I feel when I read the billions of dollars that have been put into this country and yet we are the poorest in d wrld... I feel like crying most times... Nigerias problem is highly demonic... Even hell would be a better place if the kind of money that crosses this nation goes into it..

2 Likes

Re: We Have Spent $11 Billion In Nigeria – World Bank by maybachmusic(m): 10:44am On Aug 09
holllandis:
More like you have spent it in Northern Nigeria


yea

all these NGOs dont exist down south

so they should rephrase their thrash headlines

undecided

you can live years without seeing a world bank car or red cross vehicle down south

8 Likes

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