The Executive Director of Socio-Economic Rights and Accountability Project (SERAP) Adetokunboh Mumuni, has today urged the World Bank President David Malpass, to encourage the Federal Government and 36 state governments of the federation, to ensure that the grant offered to the federal government as Covid-19 support fund is openly and transparently disbursed, so as to ensure accountability in the spending of the funds credited to the Federal government by the World bank.
SERAP has also urged Malpass to put pressure on the concerned authorities and the 36 state governors to accept voluntary scrutiny by Nigerians and civil society groups, regarding on how the funds would be spent as well as the resources. To also know how the two tears of government will spend the funds in buying Medical equipment and enhance access to clean water, sanitation and hygiene.
It could be recalled that The World Bank Board of Directors on last Friday had approved the $114.28 as part of financial support to help Nigeria prevent, detect and respond to the threat caused by the Covid-19 pandemic, further stressing, with a specific focus on the state level responses.
According to the Bank, the $100 million credit with Project ID number: P173980, is due to be paid back over 30 years, with additional 5 years grace period.
SERAP sent a later dated 8 August, 2020 and signed by it’s deputy director Kolawole Oluwadare, the organization said:
“The World Bank has a responsibility to ensure that federal authorities and state governments are transparent and accountable to Nigerians on how they will spend the approved credit and grant. The Bank should trace carefully in the disbursement of the funds or distribution of resources to the states, if it is to reduce vulnerability, corruption and mismanagement”.