News
SERAP Seeks Probe By World Bank Inspection Panel, Says Nigerians Remain In Poverty Despite $36Billion Loans
- /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 27
https://naijablitznews.com/wp-content/uploads/2024/06/Screenshot_20240623-124920.png&description=SERAP Seeks Probe By World Bank Inspection Panel, Says Nigerians Remain In Poverty Despite $36Billion Loans', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
- Share
- Tweet /home/naijuinz/public_html/wp-content/plugins/mvp-social-buttons/mvp-social-buttons.php on line 72
https://naijablitznews.com/wp-content/uploads/2024/06/Screenshot_20240623-124920.png&description=SERAP Seeks Probe By World Bank Inspection Panel, Says Nigerians Remain In Poverty Despite $36Billion Loans', 'pinterestShare', 'width=750,height=350'); return false;" title="Pin This Post">
It also urged the panel to “review the implementation of all bank-funded projects by successive governments since 1999.”
The Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank Inspection Panel to investigate the spending of loans by the federal and state governments in Nigeria.
It also urged the panel to “review the implementation of all bank-funded projects by successive governments since 1999.”
The organisation asked the global bank “to probe allegations of corruption in the spending of the loans and other funding facilities obtained by the Federal Government and Nigeria’s 36 state governors and to review the implementation of all Bank-funded projects by successive governments since 1999”.
SERAP urged the Inspection Panel “to determine the extent to which Bank Management has followed or is following the World Bank’ s operational policies and procedures applicable to the design, appraisal and implementation of all Bank-financed projects in Nigeria”.
SERAP also urged the Panel “to determine the effect of any failure by the Bank Management to effectively implement its operational policies and procedures in all Bank-funded projects in several states on the social and economic rights and well-being of millions of socially and economically vulnerable Nigerians”.
SERAP’s complaint followed the Debt Management Office (DMO)’s report last week, that Nigeria’s total public debt stock, including external and domestic debts, increased by ₦24.33 trillion in three months alone, from ₦97.34 trillion ($108.23 billion) in December 2023 to ₦121.67 trillion ($91.46 billion) as of March 31, 2024.
In the letter dated 22 June 2024 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “The World Bank has over the years reportedly approved 197 projects for Nigeria, totalling over $36 billion in loans and other funding facilities [that is, $36,360,415,968.81], with little or no impact on Nigerians living in poverty.
“Nigerians are rarely informed and meaningfully and effectively consulted about several of these loans, facilities and Bank-funded projects. Nigerians continue to be denied the benefits of the loans and facilities and access to basic public goods and services.
“Despite several loans and other funding facilities provided by the World Bank over many years, millions of socially and economically vulnerable Nigerians in several states and communities continue to lack access to regular electricity supply and have denied the benefit of renewable energy solutions.”
The complaint, addressed to the Chair of the Panel, read in part: “A recent report by the National Bureau of Statistics (NBS) revealed that over 133 million Nigerians are living in poverty, the majority of them women and children. We would therefore be grateful if the recommended measures are taken to hold the World Bank to account.
The apparent failure by Bank Management to diligently follow the World Bank’s operational policies and procedures in Bank-funded projects have resulted in the alleged mismanagement of the loans and facilities and exposed millions of Nigerians to extreme poverty.
“We are concerned about the negative impact of the lack of transparency and accountability in the spending of loans and facilities obtained by the Federal Government and Nigeria’s 36 state governors on the social and economic well-being of millions of Nigerians and the enjoyment of their human rights.
“We are concerned that several Nigeria’s 36 states and the FCT reportedly owe civil servants’ salaries and pensions. Several states are borrowing to pay salaries. Millions of Nigerians resident in these states and the FCT continue to be denied access to basic public goods and services.
“The Federal Government and several states are also reportedly spending public funds which may include the loans and facilities obtained from the World Bank to fund unnecessary travels, buy exotic and bulletproof cars and generally fund the lavish lifestyles of politicians.
“The ₦121.67 trillion ($91.46 billion) debt represents external and domestic loans obtained by the Federal Government, the 36 state governments and the Federal Capital Territory (FCT).
“The World Bank reportedly currently has a portfolio of about $8.5 billion spread across the country. The Bank has also approved several loans and other funding facilities to the country’s 36 states including the recent $750 million credit line meant to the states to carry out reforms to attract investment and create jobs.
“The Bank recently approved a $2.25 billion loan for Nigeria ‘to shore up revenue and support economic reforms and address cost-of-living crisis in the country.’”
SERAP noted that in September 2002, the global bank “approved $129.00 million for a project titled ‘Universal Basic Education Project: P071494’ ‘to increase the capacity of states and local governments to manage and implement the UBE program effectively and efficiently.’”
“The World Bank’s board of executive directors also has an obligation to ensure that the policies and decisions of the Bank are consistent with their own statutes and governments’ transparency and accountability obligations,” it added.
News
NCC hosts 185 girls on ICT industrial excursion
The Nigerian Communications Commission (NCC) has supported the Federal Government’s Girls in ICT empowerment initiative by hosting 185 students on an industry excursion.
NCC Director of Public Affairs, Nnenna Ukoha, disclosed this in a statement on Sunday in Abuja.
She said the tour was designed to inspire digital skills development and encourage future careers in technology.
The initiative was championed by the Ministry of Communications, Innovation and Digital Economy.
The programme aims to equip young Nigerians, particularly girls, with digital knowledge and relevant technology skills.
Ukoha said participants were selected by the ministry from across the country’s geopolitical zones.
She said the students were chosen for a competition promoting digital inclusion and greater participation of girls in Information and Communication Technology (ICT).
According to her, some participants were also drawn from Science, Technology, Engineering and Mathematics (STEM) disciplines.
“The visit to the Commission formed part of activities organised by the Ministry under the National Girls in ICT Programme.
“It is an initiative aimed at bridging the gender gap in technology through digital skills, mentorship opportunities and exposure to innovation,” she said.
Ukoha said participants learned about developments in telecommunications from 1886, when colonial authorities established communication facilities for administrative purposes.
She said the students were also introduced to the history of telegraph services linking Lagos with West Africa and Europe through submarine cables.
According to her, the tour highlighted the telecommunications landscape at Independence in 1960.
She said Nigeria then had only 18,724 telephone lines serving an estimated population of about 40 million people.
“The students were also briefed on post-Independence development plans and the operations of the former Department of Posts and Telecommunications.
“They also learned about Nigerian External Telecommunications Ltd. and the establishment of NITEL in 1985,” she said.
Ukoha said NITEL was created to coordinate internal and external telecommunications services across the country.
She noted that a major attraction during the visit was the display of historical artefacts preserved at the NCC Museum.
Among the exhibits were a Post Office Counter and Sorting Racks introduced in Lagos in 1852.
Other artefacts included the Grand ‘T’ Key used in the nineteenth century Lagos Post Office.
The collection also featured leather mail bags from 1863 and Drop Bag fittings from the late twentieth century.
Students viewed a 511A Letter Scale, an Improved Dynamometer Scale, telegram machines and the Teleprinter T100.
Additional exhibits included a Cordless PBX system, Digital Card Phone and other communications equipment.
Speaking during the tour, NCC Executive Vice Chairman, Dr Aminu Maida, said the initiative aligned with the Commission’s digital literacy objectives.
Represented by Director of Research and Development, Babagana Digima, Maida said the museum linked past and present generations.
He said the experience would help young people appreciate the sector’s transformation from analogue systems to the digital age.
According to him, understanding telecommunications history would inspire participants to contribute to future innovation.
Maida said exposing young people to technological advancement was essential for developing leaders for Nigeria’s digital economy.
“The whole idea is to engage the younger generation and show them what communication is all about.
“This museum preserves the history of communications and showcases the evolution from postal services to telegraphy and digital technology.
“We want to spark the curiosity of young people and help them understand how far the sector has progressed.
“When they see the past and the present, they can imagine the future and contribute to shaping it,” he said.
During the tour, NCC officials guided participants through exhibits documenting key milestones in Nigeria’s telecommunications history.
The students also explored the evolution of the communications sector and its contribution to national development.
News
Middle East conflict: Israel Launches Retaliatory Strikes on Iran in renewed violence
Israel has launched airstrikes on Iran in retaliation for waves of missiles fired at its northern regions on Sunday.
The development marked a day of renewed violence in the Middle East after a fragile ceasefire.
Iranian state television reports that the sound of explosions was heard in Isfahan, Karaj, Tabriz and Tehran.
The strikes occurred after Iran’s Islamic Revolutionary Guard Corps, IRGC, said it had targeted the Ramat David Airbase in northern Israel with ballistic missile fire on the evening of June 7.
The IRGC claimed that Israel used air-launched ballistic missiles in its attack on Monday morning.
The Israel Defense Forces, IDF, said it identified missiles fired from Iran toward northern Israel and defensive systems are operating to intercept the threat.
“A short while ago, the Israeli Air Force struck military targets belonging to the Iranian terror regime in western and central Iran,” the Israeli military stated.
News
If a Thief Tells You to Go to Court, His Brother Is the Judge — Jonathan
Ex- President Goodluck Jonathan has criticized what he described as a growing culture among some government institutions of dismissing public concerns by directing aggrieved citizens to seek redress in court.
Speaking at a recent public event, Jonathan expressed concern over what he called declining standards in public institutions and the increasing tendency of officials to rely on the judiciary whenever allegations of wrongdoing are raised against them.
The former president cited an East African proverb to illustrate his point, saying, “If a thief tells you to go to court, he knows that his brother is the judge.”
According to Jonathan, the saying reflects public perceptions that some individuals who engage in wrongdoing may have confidence in receiving favorable outcomes through compromised systems.
“We see government institutions doing the wrong thing and telling people to go to court,” Jonathan said. “There is this saying in East Africa that if a thief tells you to go to court, he knows that his brother is the judge.”
His remarks come amid ongoing debates over accountability, transparency, and public trust in government institutions, with critics frequently raising concerns about the handling of political and administrative disputes through the judicial process.
-
News21 hours ago‘It’s out of place’ , don’t compare Ogbomoso and Adelabu kidnaps – Presidency tells Nigerians
-
News19 hours agoReps Recover N521.8m VAT From CBN, Targets Additional ₦33bn in Outstanding Liabilities
-
Opinion21 hours agoThree years after: “People First” Paradigm: Why Governor Bassey Otu’s Transformative Governance Demands Consolidation and 2nd Term
-
News17 hours ago12 Years On: Suswam’s ₦3.1bn Scam Trial Stalls as Defence Yet to Open Case
-
News19 hours agoStop Demarketing Plateau, Group Cautions Dalung
-
News19 hours agoFaleke Urges Civil Servants to Uphold Integrity, Hails Retiring National Assembly Clerk
-
News8 hours agoPhotos: Nigeria Will Survive Insurgencies like it Survived Past Political Upheavals, Pandemics – Akpabio
-
Metro7 hours agoHouses razed as soldiers, police clash with Delta community youths

Warning: Undefined variable $user_ID in /home/naijuinz/public_html/wp-content/themes/zox-news/comments.php on line 49
You must be logged in to post a comment Login