FG Borrows $2.1 Billion From World Bank To Rebuild North-East

He appealed to the World Bank to send a team to
work with the Federal Government in carrying out
proper needs assessment of people of the zone.
“The World Bank will spend the 2.1 billion dollars
through its (International Development Agency),
which gives low interest rates loans to
government.
"The first 10 years will be interest free, while an
additional 30 years will be at lower than capital
market rate. The World Bank is eager to move in
quickly, give out the loans, and give succor to the
people of North-east, long at the mercy of an
insurgency that has claimed over 20,000 souls.
"WHO is also to invest 300 million dollars on
immunization against malaria in Nigeria, while the
Bill and Melinda Gates Foundation will collaborate
with Dangote Foundation to ensure that the
country maintains its zero polio case record of the
past one year,” the statement read.