Nigeria Secures U.S.$575 Million World Bank Loan to Rebuild North-East, Combat Polio
In his separate letters, dated October 20, to the two arms of the National Assembly, President Muhammadu Buhari, disclosed that the World Bank has provided Nigeria access to a loan of $575 million for reconstruction of the North East and also to combat outbreak of polio in the region devastated by the insurgency and Out of the total package, $125 million is for the polio emergency, while $450 million is to assist Nigeria in the reconstruction and rehabilitation efforts in the North East.
The information on the World Bank loan package to tackle the North East problems was enclosed as an addition in Mr. Buhari’s letter, obtained by PREMIUM TIMES, seeking the National Assembly’s approval for the Federal Government’s 2016-External Borrowing Plan.

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