The World Bank Group has said it
has an investment portfolio of about $8.5billion scattered across states in
Nigeria.
This was contained in a statement
issued on Sunday by Olufunke Olufon, a Senior Communications Officer at World
Bank Nigeria.
Olufon stated that the
investments were to assist the 36 states of the federation and the federal
capital territory (FCT), to reduce poverty and foster prosperity.
According to her, the
clarification was important, because of concerns raised by Nigerians over the
comment by World Bank president, Jim Yong Kim that President Muhammadu Buhari
told them to concentrate on the Northern part of the country.
“In 2015, the government of
Nigeria requested World Bank support to respond to the humanitarian and
development crisis in the north-east of Nigeria,” the statement read.
“To assess the needs of the
nearly 15 million people in the region impacted by the crisis, the World Bank
Group, the UN and the 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.”
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