FG gets World Bank's $200m credit for restoration of North East
The World Bank's Board on Tuesday approved a $200 million credit support for the Federal Government of Nigeria to address the acute humanitarian and forced-displacement crisis triggered by the Boko Haram conflict in North East Nigeria.
The funding is for multi-sectoral crisis recovery projects in the states of Borno, Yobe and Adamawa, including service delivery restoration and infrastructure rehabilitation in health, education, transport, water, and sanitation sectors.
These are the states which have been ravaged by about five years of devastating attacks by Boko Haram insurgent group, which is believed to have killed over 20,000 Nigerians with with close three millions displaced from their abodes.
World Bank Country Director, Nigeria, Rachid Benmessaoud, announced the development in Abuja.
this in Abuja during the banks board meeting.
“Communities affected by the Boko Haram insurgency in the region are experiencing a particularly wide range of profound challenges.
“Their vulnerability is multidimensional, including severe damage to their social fabric, the extensive destruction of property and infrastructure, and significant basic survival and socio-economic needs that remain largely unmet. As such, responses should be multi-sectoral, offering avenues to self-reliance and following international standards on safe and voluntary return or reintegration,” Benmessaoud said.
According to him, the conflict has led to the loss of more than 20,000 lives, the displacement of two million people, and has negatively affected the livelihoods of six million more people.
He noted that the Multi-Sectoral Crisis Recovery Project, approved by the Board today, formed key part of the World Bank's support to the Government of Nigeria towards the implementation of the Buhari Plan and the Recovery and Peace Building Assessment, prepared by the Government of Nigeria over 2016, with support from the Bank, EU, UNDP, DFID and other development partners.
“The project will contribute to resolve constraints to restoring livelihoods and access to food, including road rehabilitation, technical assistance and program management support and will positively impact over 150,000 people including forcibly displaced populations, host communities and other conflict-affected communities in the states. Up to $5 million of the approved funds will help farming families combat the food security crisis in the region.
“Activities related to promoting food security include restoring access to productive assets by providing agricultural inputs including, but not limited to, seeds of local staple crops, fertilizers and tools. The project is a part of the larger multi-partner solution to crisis recovery in the region,” he added.