Connect with us

Business

The World Bank will provide Nigeria with 43 billion naira to fight against Covid-19

Published

on

The World Bank has agreed to provide Nigeria with $ 114.28 million which is about 43 billion naira to fight the Covid-19 pandemic, especially at the state level.

According to a statement issued by the bank on Friday, $ 100 million will come from the International Development Association (IDA) and $ 14.28 million from the Pandemic Emergency Financing Facility.

It said the Federal Government would provide loans to 36 states in the country, including Abuja, through the COVID-19 Preparedness and Response Project (CoPREP).

It also added that the program will be of great help as an emergency response to curb the spread of the disease in the country.

The World Bank’s Representative in Nigeria, Mr Shubham Chaudhuri, said: “Nigeria is committed to curbing the spread of Covid19, but there is a need to step up our efforts especially at the state level, which is at the forefront of the fight against the disease.

“The program will help states with their most needed equipment and funding to strengthen their capacity to fight the epidemic.”

89 Reads
READ MORE  House of Representative hails the Presidential assent to CAMA bill

Abudulrasheed Mubarak is a freelance content creator. He starting his writing career in 2011. He is a graduate of Auchi Polytechnic, Auchi in Urban and Regional Planning.