{"id":651,"date":"2021-07-15T08:09:14","date_gmt":"2021-07-15T08:09:14","guid":{"rendered":"https:\/\/ebirareporters.com\/?p=651"},"modified":"2023-05-22T09:45:12","modified_gmt":"2023-05-22T08:45:12","slug":"kogi-gets-world-bank-commendation-for-returning-4-63m-erosion-fund","status":"publish","type":"post","link":"https:\/\/ebirareporters.com\/kogi-gets-world-bank-commendation-for-returning-4-63m-erosion-fund\/","title":{"rendered":"Kogi Gets World Bank Commendation for Returning $4.63m Erosion Fund"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-size: 1rem;\">The Kogi State Government has been commended by World Bank for the refund of $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP).<\/span><\/p>\n<p style=\"text-align: justify;\"><!--more--><\/p>\n<p style=\"text-align: justify;\">In a letter of appreciation signed by its Regional Director, Shubham Chaudhuri, World Bank said the action of Governor Yahaya Bello made it possible for other states to benefit from the project, hence an extension of the closing date of its projects.<\/p>\n<p style=\"text-align: justify;\">Titled: \u201cLetter of appreciation: Refund of surplus project funds to the World Bank under the Nigeria Erosion and Watershed Management project (NEWMAP) (IDA Credits: 62770, 62780)\u201d, Chaudhuri said, \u201cI am writing to convey my sincere appreciation for the transfer to Plateau State of the surplus project funds, amounting to USD 4.63 million, that was available in the state\u2019s NEWMAP Designated Account.<\/p>\n<p style=\"text-align: justify;\">\u201cThis action was made possible by Your Excellency\u2019s leadership, and its timeliness helped the bank\u2019s decision to extend the closing date of the project from June 30, 2021 to June 30, 2022.\u201d<\/p>\n<p style=\"text-align: justify;\">\u201cThe returned surplus funds will ensure that other States facing a deficit of funds are able to complete their civil works, while Kogi state focuses on completing its approved ongoing works.<\/p>\n<p style=\"text-align: justify;\">\u201cWe look forward to your continued leadership in following up on the progress and completion of such works.<\/p>\n<p style=\"text-align: justify;\">\u201cWe trust the project can be brought to an orderly closure in your state, while achieving its intended objective and contributing to transforming lives and alleviating poverty.<\/p>\n<p style=\"text-align: justify;\">\u201cWe also take this opportunity to request that you kindly also expedite the issuance of a required Letter of Comfort.<\/p>\n<p style=\"text-align: justify;\">\u201cAssuring the bank that the state will deploy the necessary funds for completion of any works that may exceed the extended period of the project.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"The Kogi State Government has been commended by World Bank for the refund of $4.63 million surplus funds&hellip;\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,2],"tags":[34,164,1648,165],"class_list":{"0":"post-651","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-businessnews","7":"category-news","8":"tag-kogi","9":"tag-newmap","10":"tag-shubham-chaudhuri","11":"tag-world-bank"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kogi Gets World Bank Commendation for Returning $4.63m Erosion Fund - Ebira Reporters<\/title>\n<meta name=\"description\" content=\"commended by World Bank for the refund of $4.63 million surplus funds under the Nigeria Erosion and Watershed Management Project (NEWMAP).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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