[Sokoto]–Nigeria is set to receive a 500 million dollar loan from World Bank to strengthen girl-child education and assist other vulnerable groups.
The loan which would be approved to be given under the `Better Education-For-All (BEDA)’ Project of the bank is expected to assist in ensuring that children are able to read and write.
This was made known during a meeting on Sunday, February 26, between Governor Aminu Tambuwal of Sokoto State and a five-man panel from World Bank led by Dr. Olatunde Adekola, a Senior Education Specialist with the bank.
Adekola disclosed that the loan will be expended on a five year project which is aimed at reversing the ugly trends in the nation’s education sector which he stated are related to most of the challenges the country is facing.
He also commended the state’s enthusiasm towards education exemplified by the allocation of 27% of its annual budget in the 2016 and 2017 fiscal year.
“The state government also deserves a pat on the back for ensuring the prompt payment of teachers’ salaries”, he added.
While responding, Tambuwal promised that once received, the fund will be effectively utilised to avoid any infraction and he also disclosed that the state has already begun the processes of creating an agency to be in charge of the girl-child education.
It will be recalled that the bank’s Board of Executive Directors also approved 500 million dollars credit last year September to significantly improve maternal, child, and nutrition health services for women and children under the Saving One Million Lives (SOML) Initiative.Please Follow Us @ThePageNg