World Bank Praises Yahaya Bello For Refunding $4.63m

July 16, 2021
Yahaya Bello
Yahaya Bello

The World Bank has heaped praises on Governor Yahaya Bello of Kogi State,  for refunding the sum of $4.63m surplus under the Nigerian Erosion Watershed Management Project (NEWMAP).

In a letter signed by its Regional Manager, Shubham Chadhuri, the World Bank said the governor’s action is a sign of good leadership. They said this singular act of his will further help the organization assist other states like Plateau state who have fund deficit.

Join our WhatsApp Channel

Chaudhuri said the timeliness helped the bank’s decision to extend the closing date of the project from June 30, 2021 to June 30, 2022.

The returned surplus, he noted, will ensure that other States finish their civil works, while Kogi focuses on completing its approved ongoing works.

The bank said, “We look forward to your continued leadership in following up on the progress and completion of such works.

“We trust the project can be brought to an orderly closure in your state, while achieving its intended objective and contributing to transforming lives and alleviating poverty.

“We also take this opportunity to request that you kindly also expedite the issuance of a required Letter of Comfort.”

+ posts

Featured Stories

Latest from News

Morocco Earmarks $330m for Flood-Hit Northern Regions

The Morocco government has approved a 3bn dirham ($330m) emergency package to support communities in its northern provinces after weeks of unusually heavy rainfall triggered widespread flooding. In a statement on Thursday, the royal palace said King Mohammed VI had ordered a

INEC Sets Dates For Presidential, Governorship Elections

Nigeria’s electoral umpire, the Independent National Electoral Commission (INEC), has fixed 20 February 2027 for the presidential and National Assembly elections and 6 March 2027 for governorship and state assembly polls, formally triggering the countdown to the country’s next general election. Announcing

Germany Confirms Revival of $2.3bn Siemens Power Deal Under Tinubu

Germany has confirmed that the $2.3 billion Presidential Power Initiative (PPI) with Nigeria, implemented by Siemens AG, remained largely dormant under the previous administration but has regained momentum under President Tinubu. Johannes Lehne, Deputy Head of Mission at the German Embassy in
Previous Story

Entrepreneur Hails Women Leading Top Nigerian Banks

Austin Avuru
Next Story

AUSTIN AVURU: No Panic Button, Oil Will Still Be Relevant In 30 Years  

Don't Miss

Dangote Refinery: Fueling Nigeria's Economic Resurgence or Monopoly Menace?

Dangote Refinery’s Supplies Will Disrupt Europe’s Oil & Gas Industry – OPEC

The Organisation of Petroleum Exporting Countries (OPEC), has noted that
‘John Wick’ Franchise Hits $1 Billion Globally

‘John Wick’ Franchise Hits $1 Billion Globally

The highly acclaimed “John Wick” franchise has officially crossed the