World Bank to give Nigeria $114.28m to fight COVID-19

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World Bank says it has approved $114.28m grant for the Federal Government of Nigeria to fight COVID-19 in the country.

It was reported that the grant would help Nigeria prevent, detect and respond to the threat posed by the virus with a specific focus on state-level responses.

According to a statement from the bank on Friday, the amount includes $100m credit from the International Development Association and $14.28m grant from the Pandemic Emergency Financing Facility.

It further indicated that the Federal Government would provide grants to 36 states and the Federal Capital Territory through the COVID-19 Preparedness and Response Project.

Besides, it It added that the project would serve as immediate support to break the chain of COVID-19 local transmission and limit the spread of the virus through containment and mitigation strategies.

World Bank Country Director for Nigeria, Mr 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.

“The project will provide the states with much needed direct technical and fiscal support to strengthen their position in combating the pandemic.”

 

 

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