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COVID-19: World Bank Sets To Give Nigeria Another $114.28m

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The World Bank has approved a fresh grant of another $114.28 million to the Federal Government of Nigeria

Naija news learnt that the grant will  help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state-level responses.

According to a statement from the bank on Friday, the amount includes $100 million credit from the International Development Association (IDA) and $14.28 million grant from the Pandemic Emergency Financing Facility.

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It stated that the Federal Government would provide grants to thirty-six states and the Federal Capital Territory (FCT) through the COVID-19 Preparedness and Response Project (CoPREP).

It added that the project would serve as immediate support to break the chain of COVID-19 local transmission and limit the spread of coronavirus through containment and mitigation strategies.

Mr Shubham Chaudhuri, World Bank Country Director for Nigeria said: “Nigeria has ramped up its efforts to contain the COVID -19 outbreak, but more needs to be done at the state level, which are at the frontline of the response.

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“The project will provide the states with much needed direct technical and fiscal support to strengthen their position in combating the pandemic.”