World Bank approves $500m loan for SIP —Presidential aide

LAGOS—Special Adviser to the President on Social Investments, Mrs. Maryam Uwais, said, weekend, that the World Bank has approved $500 million loan for the Federal Government’s social investment programme.

Read more at: http://www.vanguardngr.com/2017/05/world-bank-approves-500m-loan-sip-presidential-aide/

LAGOS—Particular Adviser to the President on Social Investments, Mrs. Maryam Uwais, mentioned, weekend, that the World Financial institution has authorised $500 million mortgage for the Federal Authorities’s social funding programme.


Uwais, who disclosed this throughout an interactive session with journalists in Lagos, additionally expressed frustration at efforts by politicians to dictate what ought to occur with the programme however vowed that her workplace would resist such efforts.

She mentioned the World Financial institution was propelled to help with the mortgage due to the transparency and accountability that had trailed the programme since its take off.

In line with her, the mortgage, which might be repaid inside the the three-year life cycle of the programme, comes with only one.7 per cent rate of interest.

She mentioned: “We’re enthusiastic about this programme. The World Financial institution has been helping us with coaching and different helps. In reality, the financial institution has authorised a $500 million mortgage for us to allow us cowl a lot of individuals under the poverty line which this programme is got down to obtain.

“We now have not began drawing from the fund as a result of the matter remains to be earlier than the Nationwide Meeting, since it’s a international mortgage. The World Financial institution is sort of comfortable that this programme is completely different from related programmes up to now due to the transparency in its implementation.”

Mrs. Uwais, who famous that solely N80 billion of the N500 billion earmarked for the programme had been launched, put the variety of individuals under the poverty line within the nation at 53 million.

She mentioned the best achievement of the programme to this point was its means to give you a Nationwide Social Register, which successive governments may depend on to deal with poverty within the nation.

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LAGOS—Special Adviser to the President on Social Investments, Mrs. Maryam Uwais, said, weekend, that the World Bank has approved $500 million loan for the Federal Government’s social investment programme.

Read more at: http://www.vanguardngr.com/2017/05/world-bank-approves-500m-loan-sip-presidential-aide/

LAGOS—Special Adviser to the President on Social Investments, Mrs. Maryam Uwais, said, weekend, that the World Bank has approved $500 million loan for the Federal Government’s social investment programme.

Read more at: http://www.vanguardngr.com/2017/05/world-bank-approves-500m-loan-sip-presidential-aide/