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Will Buhari Regime's $750 Million Loan From World Bank Help In Boosting Nigeria's Economy?

The World Bank has declared as effective President Muhammadu Buhari regime’s $750-million COVID-19 Action Recovery and Economic Stimulus (NG-CARES) Programme.

Photo Credit: Peoples Gazette

Aso Vakporaye, the Federal CARES Technical Committee chairman, announced this in a statement on Tuesday.

Mr Vakporaye recalled that the President Muhammadu Buhari regime sought the assistance of the World Bank in funding its ‘Post-COVID-19 Economic Sustainability Plan’.

Photo Credit: Gazette

However, will Buhari regime's $750million loan from World Bank help in boosting Nigeria's economy?

I think the $750 Million loan approved by World Bank will assist Nigeria fix some damages the Covid-19 pandemic has caused. The $750 million loan will help in boosting the economy of Nigeria from a financial perspective.

Nigeria was in financial disarray during the Covid-19 pandemic because all major funds were pumped into the health sector to ensure that those who contracted the corona-virus were treated. Many hospitals were built including isolation centres across the country.

Photo Credit: Google

Finally, I want to commend Buhari regime for making a move to receive loan from the World Bank. The $750 million loan will help in rebranding and polishing some sectors that were down because of financial issues.


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Aso Vakporaye Federal CARES Technical Committee Muhammadu Buhari Vakporaye Will Buhari

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