COVID-19 Debts: World Bank Approves $114.28m For Nigeria - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
August 8, 2020
According to a statement from the Bank, the amount includes 100 million dollars credit from the International Development Association, IDA and 14.28 million dollars grant from the Pandemic Emergency Financing Facility.
It explained that the Federal Government would provide grants to thirty-six states and the Federal Capital Territory, FCT through the COVID-19 Preparedness and Response Project (CoPREP).
The statement added that the project would serve as immediate support to break the chain of COVID-19 local transmission and limit the spread of coronavirus through containment and mitigation strategies.
Also, the World Bank Country Director for Nigeria Shubham Chaudhuri said Nigeria has ramped up its efforts to contain the COVID -19 outbreak, but more needs to be done at the state level, which are at the frontline of the response.
He also added that the project would finance federal procurements of medical equipment, laboratory tests and medicines to be distributed to the states based on their needs.