Nigeria’s AGF clarifies six-month ultimatum to World Bank over loan disbursement

Nigeria’s Accountant General of the Federation, Shamseldeen Babatunde Ogunjimi, has clarified his remarks connected a six-month ultimatum to the World Bank implicit indebtedness disbursement.

In a connection issued astatine the play by the spokesperson of the Office of the Accountant General of the Federation, Bawa Mokwa, the AGF said the remarks were made successful the discourse of encouraging timely information and processing of no-objection requests.

The AGF explained that the facilities being accessed by Nigeria are loans and not grants and truthful necessitate businesslike processing to guarantee that projects tied to specified facilities are implemented wrong planned timelines and fiscal cycles.

“At nary constituent did the AGF contented a menace oregon ultimatum to the World Bank. Rather, helium underscored the value of stronger collaboration, communal understanding, and timely and favourable information successful the processing of no-objection requests by the OAGF to the World Bank erstwhile specified requests are made by the OAGF for the deployment of task ...