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Profiles - Startup - August 23, 2019

World Bank Earmarks $62m on Adamawa Projects

The World Bank has earmarked the sum of 62million dollars in partnership with the government of Adamawa State on a number of intervention projects.

Director-General, Media and Communications to Gov. Ahmadu Fintiri, Mr Solomon Kumangar, made this disclosure in a statement on Friday August 23, in Yola.

Kumangar explained that the governor had held several meetings with various developmental partners, with the aim of increasing the state’s economy and infrastructure.

He said the deal was struck during one of the meetings with officials of the bank, where they agreed to commit 200 million dollars on some projects across the state.

“The World Bank promised to spend additional 62 million dollars within the next one or two years for various intervention projects in the state,’’ he said.

Kumangar said some areas that required immediate intervention included education, healthcare and infrastructure development.

“Adamawa has suffered setbacks and under-development in the past years and this current administration has adopted policies that will ensure proper coordination of proceeds from development partners to achieve the desired results.

“And this administration will support world bank projects in Adamawa, in the overall interest of citizens.’’

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