•Insists deepening reforms critical in mitigating COVID-19 crisisThe World Bank will next Monday deliberate on a fresh loan request of a total of $1.5 billion by states in Nigeria.
“And the other is meant to support the respond of the states towards protecting livelihoods, food security and local economic activities. So, those are the two requests that are going to be considered by our board by Monday,” he stated. The report titled: “Rising to the Challenge: Nigeria’s COVID response,” took stock on the recently implemented reforms and proposes policy options to mitigate the impact of COVID-19 and foster a resilient, sustainable and inclusive recovery.
“Food insecurity has increased substantially and economic precarity is on the rise because unemployed workers have migrated to the low-productivity agricultural sector. The NDU acknowledges measures taken by the government since April, including the efforts to harmonise exchange rates, introduce a market-based pricing mechanism for gasoline, adjust electricity tariffs to more cost-reflective levels, and reduce non-essential expenditures and redirect resources towards the COVID-19 response.
WorldBank On behalf of real Nigerians who’ll live to repay this debt owed by MBuhari and his predecessors, please loan no money to him. It goes straight into people’s pockets with no intent of repaying as the country have nothing but the wobbly oil that they’ve depended on
Don't give them loan WorldBank they should cut the cost of governance..... The loan is now a burden to upcoming generations