Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Buhari commends World Bank

22 July 2015, 06:46

Abuja - President Muhammadu Buhari has commended the World Bank for unfolding a package which would see it spending 2.1 billion dollars in rebuilding ravaged North-eastern part of Nigeria occasioned by Boko Haram insurgency.

The President made the commendation on Tuesday at a meeting in Washington DC with representatives of the bank, the Bill and Melinda Gates Foundation, and the World Health Organisation (WHO).

He, however, noted that apart from rebuilding the region in terms of infrastructure, priority must also be given to the resettlement of Internally Displaced Persons (IDPs), who now number over one million.

President Buhari urged the World Bank to send a team, which would work in concert with a team from the Federal Government, so that a proper assessment of needs could be done.

Also read: World Bank to spend $1.2 billion to rebuild Nigeria's northeast

The World Bank would spend the 2.1 billion dollars through its IDA (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 was eager to move in quickly and give out the loans in order to give succor to the people of North-East.

Meanwhile, WHO is also to invest 300 million dollars on immunisation 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.

"If the effort is sustained for another two years, Nigeria will be declared fully free of polio," a Presidential source on Buhari’s entourage to the U.S. was quoted as saying. 



Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...