Wednesday, June 26, 2019

World Bank Giving $4b Grants To States

  Says continuity in govt programmes critical, sunshevy.blogspot.com
Kayode Fayemi

Kayode said continuity in govt programmes we be needed
because some states of the federation are enjoying various grants and soft loans worth about $4billion from the World Bank to enhance their abilities to meet the aspirations of their people, the Chairman of the Nigeria Governors Forum (NGF) and Governor of Ekiti State, Kayode Fayemi, has disclosed.

He stated this during a meeting of the state governors with the World Bank represented by the Country Director, Rachid Benmessaoud and his team in Abuja on Wednesday.

Fayemi said the funds provided to the states come with a long moratorium and low-interest rates to offset it.

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