World Bank commends Yahaya Bello over refund of $4.63m surplus funds

The World Bank also appreciated Gov. Bello for his support to NEWMAP activities in Kogi State.

Governor Yahaya Bello of Kogi state. [PM News]

The World Bank has commended Governor Yahaya Bello of Kogi for refunding US$ 4.63 million surplus funds under the Nigeria Erosion and Watershed Management project (NEWMAP).

The World Bank commended Bello in a letter of appreciation signed by its Regional Director, Shubham Chaudhuri, describing the step as a sign of good leadership.

According to the World Bank, the action by the Governor has made it possible for the organisation to extend its projects to other States facing deficit funds and to extend the closing date of its projects.

Part of the letter reads “I am writing to convey my sincere appreciation for the transfer to Plateau State of the surplus project funds, amounting to USD 4.63 million, that was available in the State’s NEWMAP Designated Account.

“This action was made possible by your Excellency’s leadership, and its timeliness helped the Bank’s decision to extend the closing date of the project from June 30, 2021 to June 30, 2022.

“The returned surplus funds will ensure that other States facing a deficit of funds are able to complete their civil works, while Kogi state focuses on completing its approved ongoing works.

“We look forward to your continued leadership in following up on the progress and completion of such works.

“We trust the project can be brought to an orderly closure in your state, while achieving its intended objective and contributing to transforming lives and alleviating poverty.

“We also take this opportunity to request that you kindly also expedite the issuance of a required Letter of Comfort.”

The World Bank also appreciated Gov. Bello for his support to NEWMAP activities in Kogi State.

JOIN OUR PULSE COMMUNITY!

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Kanu’s Detention: Businesses to shut down in Southeast every Monday as IPOB declares sit-at-home

Osun APC youth protest alleged hijacking of forms ahead of ward congress

Gov Okowa charges commissioners to work for united Delta

Abba Kyari's extradition to U.S. not automatic – Kayode Ajulo

FRSC to investigate stray cow on Third Mainland bridge

FG not aware of $875m ammunition deal with US – Lai Mohammed

Nigerians in Diaspora rally support for Buhari, commend Military

Blue Bus Frontliners: The prosecution team seeking to arrest trafficking in persons for good

EFCC has recovered N5.4bn from trapped N12bn for NHIS - Secretary