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FG to provide palliatives to ease hardship

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By Okunloye Abiodun

World Bank continues to provide help to the Nigerian government over the years.

To alleviate the current hardships being experienced by Nigerians, Senator Abubakar Atiku Bagudu, the Minister of Budget and Economic Planning, revealed that the Federal Government is implementing social intervention and palliatives. Bagudu made the remarks in Abuja during a visit by the World Bank Country Director, Mr. Shubham Chaudhuri, and his team. In addition, he lauded the World Bank for helping the country’s economy by coordinating funding from various donors, particularly the European Union, so that better governance could be provided to the people.

The minister provided an overview of the various spheres in which the World Bank had provided help to the Nigerian government over the years. These spheres included technical assistance, social and economic development, pipeline projects, microeconomic analysis, and international collaboration. He reiterated that the current actions being taken by the administration of President Bola Ahmed Tinubu to re-establish Nigerian economy will soon be recognised by the people when the reforms ultimately become mature and materialise.

Social intervention, along with palliatives, will enhance the economy.

According to him, the government is already carrying out social intervention along with palliatives to guarantee that the current economic changes in the nation do not bring excruciating suffering to the public or paralyse the activities of the economy. He also gave the assurance that the Federal Government would bolster its relationship with the World Bank in all aspects of blended development as well as impactful implementation of projects for the benefit of citizens and residents of the country.

During his speech, the Country Director for the World Bank highlighted that the primary objective of the organisation is to aid in transforming Nigeria through the stimulation of private investment and the creation of employment opportunities, as well as through the investment in children and the creation of possibilities for Nigerian youth and women. He stated that in addition to giving financial help to the federal government, the World Bank will also support the country in the areas of idea creation.

Several supports and idea sharing are provided for the country.

More so, they are not only providing financial support; they are doing it with the expectation that they can also contribute some experiences gleaned from other countries. In the case of Nigeria, they have been providing funding for various activities, including those focused on schooling, economic growth, and electricity provision for rural areas. They have backing from a wide variety of organisations. Specifically, they talked with the minister, outside of the realm of finances, about what they might accomplish with ideas from other countries.

In addition to this, they investigated the vital role that budgeting and economic planning play, the function of the budget, and the best way to ensure that public funds are used effectively. About 220 countries throughout the world are served by the World Bank operations. Therefore, one of their responsibilities is to talk about their past experiences. Because what is successful in Indonesia might also be applicable in Nigeria. They have this goal in mind for this location.

Public funds are utilised in an effective and efficient manner.

Lastly, they also discussed Nigeria Cash Programme and other ongoing activities being carried out by the states. According to him, the ministry is responsible for coordinating these programmes not just for the federal government but also for sub-national governments. The Country Director for the World Bank in Nigeria stressed how important it is for the Federal Government to ensure that public funds are utilised in an effective and efficient manner for the benefit of the Nigerian people as a whole.

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2 months ago

FG to provide palliatives to ease hardship.World Bank continues to provide help to the Nigerian government over the years.Express your point of view.

2 months ago

That’s great news! It’s wonderful to see the Nigerian government taking steps to provide palliatives and support to ease the hardship faced by its citizens. These efforts are crucial in helping vulnerable communities cope with the challenges brought on by various situations, such as economic downturns or natural disasters.
The provision of palliatives demonstrates the government’s commitment to the well-being of its people and shows that they are actively working to alleviate suffering and ensure that basic needs are met. By providing assistance in the form of food, healthcare, and financial support, the government can help individuals and families navigate difficult times and improve their overall quality of life.
Additionally, the continued support from the World Bank is a testament to the collaborative efforts between Nigeria and the international community. The World Bank’s assistance over the years has played a significant role in supporting various development projects and initiatives, contributing to the country’s progress and growth.
It’s important to recognize that providing palliatives is just one step towards addressing the underlying issues that lead to hardship. Sustainable solutions should also focus on long-term development, such as creating employment opportunities, improving infrastructure, and promoting inclusive economic growth. By combining short-term relief measures with long-term strategies, we can build a more resilient society that is better equipped to withstand future challenges.
Overall, the provision of palliatives and the ongoing support from the World Bank are positive steps towards easing hardship and fostering a brighter future for all Nigerians. It’s encouraging to see these collaborative efforts in action, and I hope they continue to make a positive impact on the lives of those in need.

2 months ago

Palliative care is offered as a sign of the government’s concern for the welfare of its citizens and as evidence that it is actively working to end suffering and provide fundamental necessities. The government may help people and families get through tough times and enhance their overall quality of life by offering aid support

2 months ago

The Nigerian government is acting to offer assistance and support to minimize its citizens’ suffering.Government assistance in the form of food, healthcare, and assistance may help individuals and families get through difficult times and improve their overall quality of life. The World Bank’s ongoing assistance is proof of how well Nigeria and the rest of the world have worked together. With the help of the World Bank, several development projects and initiatives have been supported over the years, advancing and expanding the nation.