FG Seeking $400m Loan From World Bank To Rebuild North-East


The Federal Government says it is seeking about $400 million World Bank loan to rebuild the North-east of the country, where Boko Haram terrorists had destroyed many of its infrastructure and social system.

Chairman of the Presidential Committee on North-East Initiative (PCNI), Lt. Gen. Theophilus Danjuma (Rtd), stated this during a visit by the Security and Peace Building Sub-Committee of the PCNI to the service chiefs in Abuja on Tuesday.

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Lt. Gen. Danjuma who was represented by the Deputy Chairman of the committee, Alhaji Tijani Tumsah, said the Federal Government was committed to kick-starting the robust rebuilding of the North-East in order to bring normalcy to the troubled region.


“The Federal Government is seeking a World Bank loan to rebuild the North-East. These figures will reach up to $400 million.

“And so we seek collaboration with the Nigerian Air Force (NAF) in a lot of ways, some of the areas, including using your experiences to curb violent extremism, disarmament, mobilisation, construction and renovation of schools,” he said.

North East Nigeria have been ravaged by the Boko Haram insurgents who have destroyed lives, properties and rendered many homeless.

The Nigerian Army recently issued a security warning to Nigerians, disclosing a new strategy employed by the extremists in carrying out their attacks. According to the statement signed by the Deputy Director Army Public Relations, Colonel Mustapha Anka, the terrorists send suicide bombers to knock on houses, and when answered, they detonate their explosive vests.

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He, therefore, warned the general public to be cautious and wary of strange persons knocking on their doors as it may be the remnants of Boko Haram insurgents scheme to unleash terror on their unsuspecting victims.