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Obaseki Chairs NFG Committee On $750m World Bank Grant

Mr Godwin Obaseki, Edo State Governor,  will chair the Nigeria Governors’ Forum (NGF) committee.

The committee will interact with relevant government agencies and prepare modalities for accessing a $750 million World Bank grant.

Obaseki said the World Bank has approved $750 million for disbursement which would commence soon. He stated this when he arrived at the Benin Airport.

Governor Obaseki said the World Bank grant to Nigeria’s 36 states will help improve governance, transparency and physical environment.

“There’s a World Bank Support for states. And the Governors’ Forum asked me to chair a committee that will interact with relevant agencies and Ministry of Finance.

And the World Bank and the Auditor-General’s Office, to see how we can ensure that the facility is well utilised.

“The grant has been approved and we are at the disbursement stage. But the States must meet certain conditions before the fund would be given.

”We are very hopeful that by the end of the year, we will be clear as to when the disbursement will occur,” Obaseki said.

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