.SERAPNigeria Cautions WorldBank Over $114.28m Disbursement To NigeriaGov | Sahara Reporters The group said in giving the $114.28m facility to Nigeria, the World Bank must obtain an undertaking from the NigeriaGov that they would be... READ MORE:
Advocacy group, Socio-Economic Rights and Accountability Project, has advised the World Bank to tread carefully in the disbursement of $114.28m to Nigeria to tackle economic challenges of the COVID-19 pandemic.
The open letter was titled, ‘COVID-19: SERAP asks the World Bank to tread carefully in disbursing $114.28m credit for Nigeria’. SERAP said, “The World Bank has a responsibility to ensure that federal authorities and state governments are transparent and accountable to Nigerians in how they spend the approved credit and grant. The Bank should tread carefully in the disbursement of funds or distribution of resources to states if it is to reduce vulnerability to corruption and mismanagement.
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