He stated this during a meeting of the state governors with the World Bank represented by the Country Director, Rachid Benmessaoud and his team in Abuja on Wednesday. Fayemi said the funds provided to the states come with a long moratorium and low-interest rates to offset it. “The bank is spending somewhere in the region of $4 billion in states and some of our states are benefiting from a range of grants. He explained that the World Bank mission was to fight poverty and build prosperity, saying: “We know that the number of poor people has increased in Nigeria in terms of number though the trend is decreasing. “So, therefore the World Bank has a large part of its engagement at the state level.”

Source: Nigerian Tribune June 26, 2019 19:30 UTC