Coronavirus: Senate Seeks World Bank’s Intervention

Coronavirus: Senate Seeks World Bank’s Intervention

David Ugbabe

The Senate on Tuesday called for the intervention of the World Bank in order to tackle the outbreak of the deadly coronavirus while noting that Nigeria is battling poverty.

This was made known by the President of the Senate, Ahmad Lawan, during a visit of the new World Bank Country Director, Shubham Chaudhuri, to Abuja. He noted that the virus has impeded the progress of economic activities, hence, making it difficult to raise revenue for the implementation of the 2020 budget.

Lawan also said, “The World Bank should stand out to come to the aid of Nigeria. Normally you will discuss what the issues are and what the request of the country is.”

He noted that power is also a major issue in the country combined with the threatening security situation, but he noted that the country’s main problem towards achieving our desired development in Nigeria was power.

“I am sure that if we are able to resolve the security challenges we are going through in Nigeria and then fix our power, Nigeria will be a great country,” Lawan said.

Speaking on the poverty rate in the country, Lawan reiterated that President Muhammadu Buhari’s promise to take 100 million Nigerians out of poverty in ten years was feasible.

This according to him is possible owing to the fact that Nigeria has all the ingredients as well as the friends.

“It is possible because we have the ingredients and we have the friends who will help us. This is where the World Bank is also needed,” Lawan said.

Aside financial assistance, he added that Technical assistance was need too. He noted that Africa’s most populous country not only require loans and grants but how to apply and deploy resources to achieve goals.

However, he expressed confidence that with the World Bank’s assistance, Nigeria will grow bigger.

Happenings Media