World Bank threatens to withdraw $611m UBE fund from Nigeria 

Olanrewaju Lawal, Birnin-Kebbi

The World Bank has threatened to retrieve about $ 611million loan released to Nigeria by the Bank to support in strengthening the Universal Basic Education (UBE) over lack of utilisation of the fund.

The Bank warned that if the Nigerian government failed to use the fund judiciously to achieve the objectives for which the fund was meant, Nigeria’s Governments should refund the money back to the World Bank.

The bank’s Task Team Leader, in charge of Better Education Service Delivery for All (BESDA), Hajiya Aisha Garba stated this, on Wednesday, at the launch of the scheme which was held in Birnin-Kebbi, the Kebbi State capital.

Garba explained that the money which was released to the Nigerian government was aimed to address the first pillar of the Ministerial Strategic Plan (MSP) 2016-2019 on how to reduce out of the school children, improved literacy as well  strengthen accountability for results in basic Education in Nigeria.

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“We released this fund to assist the 36 states including the FCT but failure to used it and achieved the good results, the World Bank will retrieve the Money, ” she added.

In his remarks, the representatives of the Ministry of Education and Vice Chancellor, Federal University Birnin-Kebbi, Prof. Bello B. Shehu, commended the World Bank for initiating the Better Education Service Delivery For All Project and providing a total sum of US&611million in supporting Nigeria Government in strengthening the Universal Basic Education as well as addressing other challenges in the education sector.

He said that no nation could rise without high level of educational development, saying that education plays a lot of roles in the development of a nation.

 

The post World Bank threatens to withdraw $611m UBE fund from Nigeria  appeared first on The Sun Nigeria.

Source: news

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