Politics

World Bank Commends Yahaya Bello Over Refunds Of $4.63 Million Surplus Funds

Kogi State Governor Yahaya Bello, has been reportedly commended by the World Bank for refunding $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP).

According to reports, the World Bank commended Bello in a letter of appreciation signed by its Regional Director, Shubham Chaudhuri, describing the step as a sign of good leadership.

The letter reads thus,  “I am writing to convey my sincere appreciation for the transfer to Plateau State of the surplus project funds, amounting to USD 4.63 million, that was available in the State’s NEWMAP Designated Account.”

The letter added that, “This action was made possible by your Excellency’s leadership, and its timeliness helped the Bank’s decision to extend the closing date of the project from June 30, 2021, to June 30, 2022.’

It also reads that, “The returned surplus funds will ensure that other States facing a deficit of funds are able to complete their civil works, while Kogi state focuses on completing its approved ongoing works.”

The letter also stated that, “We look forward to your continued leadership in following up on the progress and completion of such works. We trust the project can be brought to an orderly closure in your state while achieving its intended objective and contributing to transforming lives and alleviating poverty.”

It stressed that, “We also take this opportunity to request that you kindly also expedite the issuance of a required Letter of Comfort.”

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Esther Ifeoluwa

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