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Buhari ‘lavished’ $100m World Bank women empowerment loan on meetings

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Buhari News

World Bank

Minister of Women Affairs, Uju Kennedy-Ohanenye, has accused former President Muhammadu Buhari's administration of lavishing the initial $100 million of a $500 milion World Bank loan for women empowerment. Ohanenye said Buhari's government “lavished” the $100 million on meetings, advocacy and consultancy.

Minister of Women Affairs, Uju Kennedy-Ohanenye, has accused former President Muhammadu Buhari's administration of lavishing the initial $100 million of a $500 milion World Bank loan for women empowerment. Ohanenye said Buhari's government “lavished” the $100 million on meetings, advocacy and consultancy. The minister made this known in an interview with Arise News on Monday.

recalls that the World Bank on June 27, 2023 approved a fresh $500 million loan for Nigeria to help improve the livelihood of women in Nigeria. Ohanenye commended President Bola Tinubu for his proactive involvement in the project, particularly his scrutiny of the initial $100 million expenditure. She clarified that the funds were a loan, not a grant, and stressed the importance of proper management to ensure repayment.

 

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