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World Bank lauds Bello for good leadership, $4.63m refund

By Seye Olumide, Ibadan
16 July 2021   |   3:01 am
The World Bank has commended Governor Yahaya Bello of Kogi State for good leadership and the refund of $4.63 million surplus under the Nigeria Erosion and Watershed Management project (NEWMAP).

World Bank PHOTO: Eric Baradat/AFP/Getty Images

The World Bank has commended Governor Yahaya Bello of Kogi State for good leadership and the refund of a $4.63 million surpluses under the Nigeria Erosion and Watershed Management Project (NEWMAP).

In a letter of appreciation entitled ‘Refund of Surplus Project Funds to the World Bank under the Nigeria Erosion and Watershed Management Project (NEWMAP) (IDA Credits: 62770, 62780)’, signed by its Regional Director, Shubham Chaudhuri, the Bretton Woods institution asserted that Bello’s action made it possible for the organisation to extend its projects to other states facing deficit funds and closing date of its projects.

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

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