Recently, President requested that the senate approve sovereign loans of $4.054bn and €710million as well as grant components of $125m which he will use to finish up hanging projects in all the six geopolitical zones before his tenure elapses. But the constant borrowing of the present government has caused mixed reactions over the media because some people said they are not seeing the impact. There is no tangible project to account for. People are still languishing in hunger and poverty despite all the external borrowings by the government.
According to a report on Daily Trust, Garba Shehu, Senior Special Adviser on Media to President Buhari listed 15 projects, their beneficiaries, and Agencies that will manage the project. Garba Shehu said the proposed projects are to be carried out with the recent sovereign loan that Pres. Buhari requested the senate to approve. Check out the 15 projects, their beneficiaries, and Agencies that will manage them below:
- $125million grant for ‘‘Better Education Services for All" to be financed by World Bank. This grant will help to improve literacy and grant access for out-of-school children in focused states. The states that will benefit from this grant are Kastina, Oyo, and Adamawa and will be implemented by Universal Basic Education and the Federal Ministry of Education.
- The State Fiscal to be financed by World Bank.
-Transparency, Accountability, and Sustainability Programme for Results to be financed by World Bank.
-The Agro-Processing, Productivity, Enhancement and Livelihood Improvement Support Project to be financed by World Bank.
The benefiting States for the agro-processing project are Kogi, Kaduna, Kano, Cross River, Enugu, and Lagos with the Federal Ministry of Agriculture and Rural Development are in charge of the implementation.
The objective of the project is to enhance the agricultural productivity of small and medium-scale farmers and improve value addition along priority value chains in the participating States.
-The Nigeria Sustainable Water Supply, Sanitation and Hygiene (WASH) project in Delta, Ekiti, Gombe, Kaduna, Katsina, Imo, and the Plateau States, for the next five years. The project will be financed by World Bank and the objective is to improve the water supply.
-Nigeria’s COVID-19 Preparedness and Response Project (COPREP), under the supervision of the Federal Ministry of Health and Nigeria Centre for Disease Control (NCDC). It is going to be financed by World Bank.
The project, which has an implementation period of 5 years, will respond to threats posed by COVID-19 through the procurement of vaccines.
- Agro-Climatic Resilience in Arid Zone Landscape project, which is expected to reduce natural resource management conflicts in dry and semi-arid ecosystems in Nigeria. It will be financed by World Bank and European Investment Bank. 29 States are listed as beneficiaries of the project. They are Akwa Ibom, Borno, Oyo, Sokoto, Kano, Katsina, Edo, Plateau, Abia, Nasarawa, Delta, Niger, Gombe, Imo, Enugu, Kogi, Anambra, Niger, Ebonyi, Cross River, Ondo, Kaduna, Kebbi, Jigawa, Bauchi, Ekiti, Ogun, Benue, Yobe and Kwara.
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