World Bank has said it will spend a total of $2.1 billion to rebuild the North-eastern part of Nigeria which has been ravaged for the past six years by the Boko Haram insurgency.
In a statement by the Special Adviser to the President on Media and Publicity, Mr. Femi Adesina, Preisdent Muhammadu Buhari met with representatives of the World Bank, the Bill and Melinda Gates Foundation and the World Health Organisation (WHO) in Washington.
Buhari emphasised the need to resettle Internally Displaced persons (IDPs) who are now over a million.
The World Bank will spend $2.1bn through its International Development Agency (IDA), which gives low interest rates loans to government.
The first 10 years will be interest free, while an additional 30 years will be at lower than capital market rate.
WHO is also set to invest $300 million on immunization against malaria in Nigeria.
Bill and Melinda Gates Foundation will work with Dangote Foundation to ensure that the country maintains its zero polio case record.
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