The World Bank is rolling out an $800m (N329.53bn at official exchange rate) facility designed to fund a large-scale Conditional Cash Transfer programme in Nigeria, the Nigeria Governors’ Forum hinted in its 36th teleconference meeting communique released on Thursday.It said the fund was made known to the governors by the World Bank Country Director, Shubham Chaudhuri, during the meeting, according to the communique which was signed by the NGF Chairman, Kayode Fayemi.
The communique read in part, “Forum members also listened to the World Bank Country Director, Shubham Chaudhuri, on the rollout of a World Bank financed $800m facility designed to fund a large-scale Conditional Cash Transfer programme across the country.