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World Bank Approves $700 Million Credit For Nigeria - Politics - Nairaland

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World Bank Approves $700 Million Credit For Nigeria by milann: 9:19am On May 28, 2021
By Agency Report
The World Bank has approved a $700 million dollar for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme (SURWASH).

It made the announcement in a statement on its website in Washington D. C. on Thursday.
According to the statement, the credit will provide six million people with basic drinking water services and 1.4 million people access to improved sanitation services.

It would also deliver improved Water Sanitation and Hygiene (WASH) services to 2,000 schools and Health Care Facilities and assist 500 communities to achieve open defecation-free status.

These would be implemented as part of the Federal Government’s National Action Plan (NAP) for the revitalisation of Nigeria’s water supply, sanitation, and hygiene sector.

“In 2019, approximately 60 million Nigerians were living without access to basic drinking water services, 80 million without access to improved sanitation facilities and 167 million without access to a basic handwashing facility.

“In rural areas, 39 per cent of households lack access to at least, basic water supply services, while only half have access to improved sanitation and almost a third (29 per cent) practice open defecation, a fraction that has marginally changed since 1990,” said the statement.

The bank, however, said in recent years, the Federal Government had strengthened its commitment toward improving access to WASH services, spurred on by the need for Nigeria’s WASH sector to catch up with its regional counterparts.

This, it said, led to the government declaring a state of emergency in 2018 and launching NAP aimed at ensuring universal access to sustainable and safely managed WASH services by 2030, commensurate with the Sustainable Development Goals (SDGs).

It also said the programme would support NAP which was a 13-year strategy prioritising action within three phases.

They are Emergency Plan, Recovery Plan and Revitalisation Strategy and also the Clean Nigeria; Use the Toilet Campaign which aims to have Nigeria free of open defecation by 2025.

Shubham Chaudhuri, World Bank Country Director for Nigeria, said the programme’s centrality to the human capital agenda and its potential to influence key human capital outcomes could not be overemphasised.
He said this was because access to WASH was an important determinant of human capital outcomes, including early childhood survival, nutrition, health, learning and women’s empowerment, all of which in turn affected labour productivity and efficiency.

“Participating states will be able to improve access to safe water, sanitation and hygiene.

“This will help to keep more girls in school, create employment and reduce open defecation, while developing greater resilience to the impact of climate change and conflicts between different land and water users,” he said.

The SURWASH programme is performance-based and participation is open to all states in Nigeria based on their commitment to specific reforms in the sector.

It would support the Federal Government to enact necessary policy reforms and usher incentives for state and local governments, service providers, technical assistance providers and community-based organisations to effectively deliver sustainable services in the sector.

The bank said it would also support a package of investments to expand access to and increase the use of WASH services in urban, small towns and rural areas.

“Specifically, the programme will support the development of infrastructure to improve water supply service delivery, sanitation and hygiene in institutions (schools and healthcare facilities) and public places such as markets, motor parks and others,” said the bank.

The News Agency of Nigeria (NAN) reports that the 700 million dollar credit is from the bank’s International Development Association (IDA).

It is a body which helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty and improve poor people’s lives.


World Bank

https://www.premiumtimesng.com/news/top-news/464158-world-bank-approves-700-million-credit-for-nigeria.html
Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 9:20am On May 28, 2021
Whenever I think about Bihari's administration, I always remember a line in Keyshia Cole's song 'Praying' which says, "....and when I'm finished, they won't even know your name".
By the time this man is through with Nigeria, other countries won't even know her name again

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Re: World Bank Approves $700 Million Credit For Nigeria by helinues: 9:20am On May 28, 2021
Can't world bank ask for the Nigerians BVN and credit them directly?

2 Likes

Re: World Bank Approves $700 Million Credit For Nigeria by Povertydie: 9:22am On May 28, 2021
Food don land for malami.

1 Like

Re: World Bank Approves $700 Million Credit For Nigeria by PrinceOfLagos: 9:23am On May 28, 2021
Malami should be the happiest man on earth right now
Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 9:25am On May 28, 2021
helinues:
Can't world bank ask for the Nigerians BVN and credit them directly?
Be honest dear, if you got a message from world bank asking for your BVN, will you send it?
The secret to successful prayers is asking for what is obtainable

1 Like

Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 9:28am On May 28, 2021
PrinceOfLagos:
Malami should be the happiest man on earth right now
2billion naira from Ibori's loot already secured and this one on its way.

Why won't he be happy?
Re: World Bank Approves $700 Million Credit For Nigeria by Nobody: 9:45am On May 28, 2021
If world bank isn't a criminal enterprise i don't see why they should be giving loan to a government that re-loots loot.


A government that only uses loan to fund terrorists and pay bandits
Re: World Bank Approves $700 Million Credit For Nigeria by Nobody: 9:48am On May 28, 2021
helinues:
Can't world bank ask for the Nigerians BVN and credit them directly?
Pantami, malami, zainab, is the combo needed that would prevail on emefile to deduct the amount from Nigerians


This is a government that has already started "borrowing" funds from its own citizens bank accounts
Re: World Bank Approves $700 Million Credit For Nigeria by Oluwasaeon(m): 10:14am On May 28, 2021
World Bank Approves $700m Loot For Nigeria
Re: World Bank Approves $700 Million Credit For Nigeria by valentineuwakwe(m): 10:21am On May 28, 2021
In return they will force us to increase fuel price, hike all goods and services and even devalue the currency...dollar will be N500/$ soon
Re: World Bank Approves $700 Million Credit For Nigeria by helinues: 10:23am On May 28, 2021
Iyiataata92:

Be honest dear, if you got a message from world bank asking for your BVN, will you send it?
The secret to successful prayers is asking for what is obtainable

So they can not obtain the BVN from the CBN they want to credit?
Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 10:29am On May 28, 2021
Really?
Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 10:31am On May 28, 2021
helinues:


So they can not obtain the BVN from the CBN they want to credit?
they can. But you told then to ask Nigerians for BVN and not ask CBN
Re: World Bank Approves $700 Million Credit For Nigeria by SmartPolician: 10:31am On May 28, 2021
Iyiataata92:

Be honest dear, if you got a message from world bank asking for your BVN, will you send it?
The secret to successful prayers is asking for what is obtainable

The World Bank is a globally recognized interventionist financial institution.

If she wants to credit Nigerians' accounts, the officials won't have any business with us people.

They will source the BVN from the federal government through the CBN.

That said, I think the news is stale; I read it some weeks back.
Re: World Bank Approves $700 Million Credit For Nigeria by Iyiataata92: 10:38am On May 28, 2021
SmartPolician:


The World Bank is a globally recognized interventionist financial institution.

If she wants to credit Nigerians' accounts, the officials won't have any business with us people.

They will source the BVN from the federal government through the CBN.

That said, I think the news is stale; I read it some weeks back.
Check the comment I quoted and look at the question he asked before coming here to lecture him
Re: World Bank Approves $700 Million Credit For Nigeria by iwaeda: 10:41am On May 28, 2021
milann:

By Agency Report
The World Bank has approved a $700 million dollar for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation and Hygiene Programme (SURWASH).

It made the announcement in a statement on its website in Washington D. C. on Thursday.
According to the statement, the credit will provide six million people with basic drinking water services and 1.4 million people access to improved sanitation services.

It would also deliver improved Water Sanitation and Hygiene (WASH) services to 2,000 schools and Health Care Facilities and assist 500 communities to achieve open defecation-free status.

These would be implemented as part of the Federal Government’s National Action Plan (NAP) for the revitalisation of Nigeria’s water supply, sanitation, and hygiene sector.

“In 2019, approximately 60 million Nigerians were living without access to basic drinking water services, 80 million without access to improved sanitation facilities and 167 million without access to a basic handwashing facility.

“In rural areas, 39 per cent of households lack access to at least, basic water supply services, while only half have access to improved sanitation and almost a third (29 per cent) practice open defecation, a fraction that has marginally changed since 1990,” said the statement.

The bank, however, said in recent years, the Federal Government had strengthened its commitment toward improving access to WASH services, spurred on by the need for Nigeria’s WASH sector to catch up with its regional counterparts.

This, it said, led to the government declaring a state of emergency in 2018 and launching NAP aimed at ensuring universal access to sustainable and safely managed WASH services by 2030, commensurate with the Sustainable Development Goals (SDGs).

It also said the programme would support NAP which was a 13-year strategy prioritising action within three phases.

They are Emergency Plan, Recovery Plan and Revitalisation Strategy and also the Clean Nigeria; Use the Toilet Campaign which aims to have Nigeria free of open defecation by 2025.

Shubham Chaudhuri, World Bank Country Director for Nigeria, said the programme’s centrality to the human capital agenda and its potential to influence key human capital outcomes could not be overemphasised.
He said this was because access to WASH was an important determinant of human capital outcomes, including early childhood survival, nutrition, health, learning and women’s empowerment, all of which in turn affected labour productivity and efficiency.

“Participating states will be able to improve access to safe water, sanitation and hygiene.

“This will help to keep more girls in school, create employment and reduce open defecation, while developing greater resilience to the impact of climate change and conflicts between different land and water users,” he said.

The SURWASH programme is performance-based and participation is open to all states in Nigeria based on their commitment to specific reforms in the sector.

It would support the Federal Government to enact necessary policy reforms and usher incentives for state and local governments, service providers, technical assistance providers and community-based organisations to effectively deliver sustainable services in the sector.

The bank said it would also support a package of investments to expand access to and increase the use of WASH services in urban, small towns and rural areas.

“Specifically, the programme will support the development of infrastructure to improve water supply service delivery, sanitation and hygiene in institutions (schools and healthcare facilities) and public places such as markets, motor parks and others,” said the bank.

The News Agency of Nigeria (NAN) reports that the 700 million dollar credit is from the bank’s International Development Association (IDA).

It is a body which helps the world’s poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty and improve poor people’s lives.


World Bank

https://www.premiumtimesng.com/news/top-news/464158-world-bank-approves-700-million-credit-for-nigeria.html

2023 money coming in trickles. Who does this, Why not compel public places like filling station, super markets, stores to have rest room.
Nigeria is a unique country, even most of the bore holes in my town are not functioning, the contractors just fleece us.

1 Like

Re: World Bank Approves $700 Million Credit For Nigeria by TarOrfeeek: 11:00am On May 28, 2021
At this rate the FG will soon be charging us money to sing national anthem.

Because the debt of this country, even until rapture we fit never pay back.
Re: World Bank Approves $700 Million Credit For Nigeria by Thomthom(m): 11:02am On May 28, 2021
I don't even blame The Government... I blame the world bank... Naso world bank get money
Re: World Bank Approves $700 Million Credit For Nigeria by milann: 12:10pm On May 28, 2021
Can't we borrow from the abacha loot. Mynd44
Re: World Bank Approves $700 Million Credit For Nigeria by lampvoice: 2:50pm On May 28, 2021
Haa is World bank supporting the looting going on?

When you know it will be looted and it will put the country in bad debt

You can't really trust some of the organizations, can you

Haa scammers

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