Bank loan

FG secures $700m World Bank loan to tackle poor water supply

the The federal government revealed that it had secured a $700 million loan from the World Bank for specific water projects across the country.

This was announced by the Minister of Water Resources, Alhaji Suleiman Adamu during a media chat on the sidelines of the inaugural award ceremony of the Ministry’s Rewards and Recognition System in Abuja.

He said the federal government’s role is to support state governments, which he said have the lion’s share of responsibility for water supply.

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“What Nigerians need to understand is that the Federal Government is not responsible for supplying water to their taps, it is the responsibility of the State Governments and that is why we have no d Federal Office for Water.

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“All the incentives like the P-WASH (Plan – Water, Sanitation and Hygiene) action plan, the declaration of a state of emergency by the president are efforts by the federal government to push the states to invest more in the water.

“We relaunched the water resources policy in 2016. We were able to generate $700 million from the World Bank. This money will not be spent by the federal government; it goes to states to improve their water supply situation,” the minister said.