The World Bank has committed $8.5 billion to Nigeria to fund critical issues ranging from agriculture to education.
Disclosing this in Abuja during a summit organized by the Emergency Coordination Center, the World Bank Country Director to Nigeria, Shubham Chaudhuri, noted that the amount was the largest of any country.
He noted that it was still infinitesimal compared with the needs of Nigeria, stressing, however, that around $2.5 billion to $3 billion of the fund had been channeled towards education.
He further said it was Nigeria’s call to determine how it would mobilize its financial resources to enable young Nigerians to go to school or whether its scarce resources would be used to subsidies petrol with over N6.5 trillion.