The president while speaking at a meeting with the visiting Managing Director of the World Bank, Ms. Sri Mulyani Indrawati, President Buhari said that the repatriation of the additional $320 million US dollars in Switzerland under the Abacha administration, will help to ease the current economic hardship facing the country.
“We are as concerned as the World Bank about accountability. If such repatriated funds have been misapplied in the past, I assure you that the same will not happen with us.
One of the conditions given by the Swiss Authorities for the repatriation of the funds is that it should be expended on the implementation of social programmes for the benefit of the Nigerian people in an efficient and accountable way, guaranteed by the monitoring of the World Bank.
President Buhari also assured the World Bank Managing Director that his administration will honour all agreements with the Bank that will help to stimulate Nigeria’s economy and reduce the level of poverty in the country.
He said that Nigeria will welcome greater international assistance for the rehabilitation of damaged homes, schools, health facilities and other infrastructure in the North Eastern states affected by the Boko Haram insurgency.
Ms. Indrawati told President Buhari that the World Bank was ready to use its knowledge, expertise and resources to help Nigeria achieve faster growth and development.
‘‘We will strongly support you to create jobs and ensure prosperity in Nigeria,’’ the World Bank Managing Director assured President Buhari.
She also expressed the World Bank’s full support for the war against corruption being waged by the Buhari Administration.
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