Tinubu’s Minister Accuses Buhari Govt of Mismanaging $100 Million World Bank Loan.

The Minister of Women Affairs, Uju Kennedy-Ohanenye has accused the Muhammadu Buhari administration of mismanaging the first tranche of the $500 million World Bank loan for women’s empowerment in the country.

Kennedy-Ohanenye made the claim during an appearance on Arise Television’s Morning Show on Monday.

According to her, the first tranche of the loan, which is $100 million, meant for the ‘Nigeria For Women Project’, was mismanaged.

the women project is a strategic engagement between the World Bank and the Nigerian Government set to improve the livelihood of Nigerian women.

A statement from the bank said the loan is a scale-up financing for the women’s project, which was initially approved on June 27, 2018, with $100m financing.

Speaking during the interview, Kennedy-Ohanenye said the $100 million was disbursed by the Buhari government and the expenditure didn’t reflect the Renewed Hope Agenda of the Tinubu administration.

She claimed that the money was mainly used for advocacy, meetings, and consultancy services and was shared among the states without proper accountability and transparency.