₦airaland Forum

The World Bank Group says it has an investment portfolio of about 8.5 billion dollars scattered across states and regions in Nigeria to support inclusive economic development and youth empowerment.

Mrs Olufunke Olufon, the Senior Communications Officer, World Bank Nigeria, made this known in a statement on Sunday in Abuja.

She stated that the investments were to assist the 36 states of the federation and the Federal Capital Territory to reduce poverty and foster prosperity for all Nigerians.

She noted that the explanation followed concerns raised by Nigerians over the comment by World Bank President, Mr Jim Yong Kim that President Muhammadu Buhari asked the bank to shift its intervention focus to North Eastern states.

She said that the bank was also working with federal and state governments, as well as

development partners on speedy delivery of critical interventions to people of the North East who urgently needed assistance.

She added that “in 2015, the Government of Nigeria requested World Bank support to respond to the humanitarian and development crisis in the North East of Nigeria.

“To assess the needs of the nearly 15 million people in the region impacted by the crisis, the World Bank Group, the UN and European Union carried out a Recovery and Peace Building Assessment (RPBA).

“And based on the findings of the assessment, World Bank’s 775 million dollars support to the North East focuses on restoring basic education, health services, agricultural production, and livelihood improvement opportunities.”

Olufon noted that the World Bank Group was doubling its resources to address fragility, conflict and violence at the subnational and national levels and help to stabilise places that were affected by high poverty and influx of people.


http://gidifeed.com/weve-invested-8-5b-nigeria-says-world-bank/

Okay.

in Northan Nigeria, I BELIEVE?

Where?

Lol.


My Akpu and Ugwu friends will not like it Sha

They be like Nnameh this worlu bank pipu are so wickehd. Why dint they invest this moniey into MMM Nigeria.

Really ?

Not in Nigeria, in Northern part of Nigeria

naijaisGOOD:
where is it

in the North, as requested by KING in the NORTH

naijaisGOOD:
where is it

Inside Buhari's pocket

Make me sef follow talk where

Where pls

thieves

In the North. Please, do not disturb the rest of us.

Inside those policthiefians belle abi

Where

Ok. The APC led government should pay back with the $25bn NNPC fund and collect change..

:/

Omg 8.5

wich Nigeria.oya nairalanders les match to central banki o me I didn't c any owo o

I can't find anything in my account,
Maybe na Niger Republic

obembet:
Not in Nigeria, in Northern part of Nigeria

supported by the northern president

Which Nigeria because $85b is enough to bring exchange rate down by reasonable gap.
It's.enough to make millionaires and grow businesses if not infrastructure.

Maybe over 15 years period sha

4th to comment... gradually getting to the promise land. Neway, World Bank, we are yet to reap any dividends from your investment o. We don't know what Bubu and his northern companions are doing but I don't think money is getting to where it ought to do you need to supervise more closely...

Una hear

The correct caption should be ''We have invested $8.5B in Northern Nigeria''. After all Buhari asked World Bank to focus all their development in Northern Nigeria.

For thoss of u who dont know.This is 25 million dollara

So what did Baba do with this investment? Hope the money has not gone down the drain !!!!

R

all these so called expenditures and investments on a nation that cant even put together/sustain basic and stable electricity/power for its people and economy nearly 60 years after independence is to me a waste of time and resources in the wrong direction.. like a long heavy train with many coaches that has a long distance to cover but is been pulled and powered by horses instead of a power engine..

Give us a break down of the expenses and the beneficiaries, then we will take u serious.
They got you to talk after the onyibo no gree talk in there favor

Where world bank. We have mot seen it o.