The bank, in a statement issued in Abuja said about $200m (N39.4bn) had been disbursed under the first phase of the project, thus bringing the total amount provided under the programme to $340m.
It said the States that benefit from the additional financing will focus on the most vulnerable households in poor communities in the country.
Anambra, Kaduna and Sokoto states, it added will also be given additional funds.
The statement said the additional financing was expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centres, clinics and skills acquisition.
Others are rural electrification, rural transport, community water schemes, community housing schemes and rural market infrastructure.
It gave a list of vulnerable groups that would also benefit from special grants as internally displaced poor persons, marginalised or chronically poor households, widows and the physically challenged.
The World Bank Task Team Leader for the project, Foluso Okunmadewa in the statement, stated:
“This project will not only help vulnerable people in the short term, including those in conflict-affected areas, but will also help build and rebuild long-lasting partnership between local governments and communities.
In addition, it will help integrate communities as well as make smart investments in people for the future.
“The first phase of the World Bank funding of the Community Social Development Project, which benefited over 5,600 communities and about two million people in 26 states of the federation, was fully disbursed by December 2014.”
Punch
Ok ooo
ReplyDeleteNice one
ReplyDeleteYou World Bank people should have mentioned the beneficiary states so we can know wether they actually utilized the money given to them.The various state governments who get this money embark on half hearted projects and most times do not use the money for the purpose and connived with officials of donor agencies to do shady deals.So lets know who gets what now.
ReplyDeleteWhere does all this money go? We never ever see anything tangible from it.
ReplyDeleteIt will be nice to see the effect of the money on the communities it's meant for
ReplyDeletePlease they should send down people who can monitor how that money is being used before one greedy idiot pockets it!
ReplyDeleteA sum of $200.000 was disbursed by December 2014 under Goodluck Jonathan's administration and there's nothing to write home about that. Hero indeed!
ReplyDeleteI pray oo, all this "big men" will just pocket half of the money, and why has buhari not appointed ministers yet, all the financial transactions going on the the various ministries who is taking charge of it....fighting corruption my foot
ReplyDeleteAbeg o d moni shld b used for d right purpose o world bank una tnk u o.
ReplyDeleteI just hope they make good use of the money
ReplyDeleteit is well
I pray the money is put to good use and not looted.
ReplyDeleteOyinbo people own na just to dey plunge us into debt. Linda take note!
ReplyDeleteOyinbo people own na just to dey plunge us into debt. Linda take note!
ReplyDeleteOyinbo people own na just to dey plunge us into debt. Linda take note!
ReplyDeleteWow! Nice one and I wish dis fund wil b utilise accordingly.
ReplyDeletePlease the federal govt should ignore this grant from world bank. All they know is how to get Nigeria indebted. At the end of the day, all this cash will pile up with interests. More so, politicians will disburse the money among themselves without any community project executed. World bank is a disease eating up countries and govt across the globe. Please the govt should ignore some of these offers. See what is happening in Rivers State for instance. Money borrowed for agricultural development by the state was shared among local governments chairmen and commissioners, yet there was no farm land cultivated in that state by these thieves we call leaders.
ReplyDeleteGood
ReplyDelete