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Nigeria: World Bank, IMF and Donor countries to monitor 2017 aid budget’s implementation

  • Comments   -   Thursday, 02 February 2017 - 11:30

(Ecofin Agency) - Donor countries and global financial institutions such as the World Bank and the International Monetary Fund (IMF) will monitor the implementation of the 2017 budget, in order to ensure proper utilization of funds for projects.

According to the Guardian, countries like Netherlands, United Kingdom, United States, China and other development partners have voiced concerns over the humanitarian crisis affecting about 15 million Internally Displaced Persons (IDPs) in the North East of Nigeria as well as about the alleged misappropriation of donor funds and N1.3 billion given by Federal Government to support IDPs.

Netherlands, which has donated €5.3 million to the 176,000 IDPs in the North East, is working with four Non-Governmental Organizations (NGOs) namely, Save the Children, Oxfam Novib, Stichting Vluchteling/IRC and Tearfund to make sure the money is well used.

Anita Fatunji

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