World Bank Commences Disbursement of N27.58 Billion to FG for Community Projects
The World Bank on Wednesday announced that has commenced the
disbursement of N27.58 billion (about $140 million) to the federal
government under its assisted Community and Social Development Project.
The money will be disbursed to 26 states and the Federal Capital Territory, Punch reports.
A statement issued in Abuja confirmed the news. Here is a summary as reported:
About $200m (N39.4bn) has been disbursed under the first phase of
the project, thus bringing the total amount provided under the programme
to $340m (N66.98bn)
It said states that would benefit from the additional financing would
focus on the most vulnerable households in poor communities in the
country.
Anambra, Kaduna and Sokoto states, it added, are also set to participate in the additional financing.
The statement said the additional financing was expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centres and 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 statement also quoted the World Bank Task Team Leader for the project, Foluso Okunmadewa, as saying, “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.
Anambra, Kaduna and Sokoto states, it added, are also set to participate in the additional financing.
The statement said the additional financing was expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centres and 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 statement also quoted the World Bank Task Team Leader for the project, Foluso Okunmadewa, as saying, “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.”
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