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/

More like you have spent it in Northern Nigeria

11 billion dollars spent on this hellhole and it's still like this.....na wah 4 our leaders o

Where are the projects

Can we boast of a corresponding developmental impact to commiserate with the figures?

Money that only ended up in few pockets.

Which Nigeria?

that's mad amount o.

Spent mainly on things that cannot be perceived by every day Nigerians.

They used their own mouth to tell how the money was shared by Nigerian politicians.... 60% at state level and 40% at federal level.

They should rather say they have shared $11bn to present and past government..

Masses are not feeling a pinch of it

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?

How much has APC spent?

useless party

On what exactly?
It should be people in Nigeria government have embezzled $11B from us.
Why not share the money to individuals?

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

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?

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

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.

Where is the transaction receipt?

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

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...

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.

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

Still there has been no improvement.

Oyinbos too are corrupt

Nigerian politicians can't make heaven,even hell sef,cos the devil can't stay same place with them

But who has been eating the noney

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.

Story

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..

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



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