Nigeria secures Lion shares

Nigeria, on Thursday, secured the biggest cut of the $65 billion (N27 trillion) funding from the World Bank’s International Development Association to African countries.

 

This was as the international organisation unveiled the 20th replenishment package, IDA-20, in Dakar, the Senegalese capital, to help low-income countries respond to the COVID-19 crisis and build more resilient economies.

 

According to a statement signed by the Senior Special Assistant to the President on Media and Publicity, Garba Shehu, 70 per cent ($65 billion) of the entire package which amounted to $93 billion (N38 trillion), will be channeled to various African States with the largest share being allocated to Nigeria.

 

The statement was titled ‘At Dakar summit, Nigeria gets a big slice of IDA financial package’.

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