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Sunday, December 18, 2005

More loans????

If the government is trying hard to pay outstanding debts why the hell are they getting new loans and why the hell is the world bank giving it?

World Bank has provided $110 million for financial and technical assistance to Nigeria for the development of the urban sector. The States which will benefit from the fund are Akwa Ibom, Edo, Ogun, Bauchi, Jigawa, Nasarawa, Ebonyi and Ondo states.

The Minister of Housing and Urban Development Dr. Olusegun Mimiko stated this yesterday during the ministry's 2005 ministerial press briefing held in Abuja.

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