//SERAP CALLS ON WORLD BANK TO MAKE FEDERAL GOVT ACCOUNTABLE FOR LOAN OBTAINED

SERAP CALLS ON WORLD BANK TO MAKE FEDERAL GOVT ACCOUNTABLE FOR LOAN OBTAINED

Socio-Economic Rights and Accountability Project, (SERAP) has asked the World Bank to encourage the Federal Government and 36 state governments to publicly commit to transparency and accountability in the spending of the 114.28 million dollar credit and grant for COVID-19, which the Bank’s Board of Directors recently approved for Nigeria, including by publishing details on a dedicated website.

The group made the call in an open letter written to the world bank dated August 8 and signed by its deputy director Kolawole Oluwadare.

SERAP also urged the world bank to mount pressure on authorities and the 36 state governors to accept voluntary scrutiny by Nigerians and civil society regarding the spending of the funds and use of the resources, including on how they will spend the money to buy medical equipment, and improve access to clean water, sanitation and hygiene.

It would be recalled that the World Bank Board of Directors last Friday approved a 114.28 million dollar financing to help Nigeria prevent, detect and respond to the threat posed by COVID-19 with a specific focus on state level responses.