World Bank Imposes $ 400 Million Debt on Nigeria Nigeria receives $ 400 million loans from World Bank. To expedite the implementation of cor...

World Bank Imposes $ 400 Million Debt on Nigeria

Nigeria receives $ 400 million loans from World Bank. To expedite the implementation of coronavirus prevention, the World Bank has provided funds to Nigeria. The World Bank has agreed to help Nigeria with a $ 400 million loan to buy coronavirus.

As announced on Friday, the World Bank's Board of Directors has approved the development of Nigeria's debt burden in addition to the country's debt received from the International Development Association (IDA) in 2008.

World Bank officials say the money will be used to provide cholera prevention and effective vaccination to Nigerians in a statement issued in Washington, DC.

To achieve this goal, at least 40 million Nigerians must be vaccinated, and at least 110 million people must be able to be vaccinated easily and efficiently.

Some of the proceeds from the loans so far will be used to support the next health plan. In two years, Nigeria will receive this grant, which will enable the country to ensure that at least a percentage 50% of Nigerians have been vaccinated. More people must be vaccinated against coronavirus in Nigeria, according to Shulbham Chaudhuri, World Bank Country Director for Nigeria. Nigeria is currently struggling to control the third phase of the coronavirus, he said.

Source Premium Times Hausa

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