The Board of Executive Directors of the World Bank Group, last month, approved a $500 million International Development Association (IDA) credit for Nigeria. This fund falls in the lap of the incoming president of the Federal Republic of Nigeria.
The General Mahammadu Buhari administration have been given the responsibility of successful utilisation of the IDA credit.
Based on the passion of the President-elect to serve, there is high hope that the $500 million funding will deliver its objectives, and that further general improvement in healthcare delivery in Nigeria will be realised over the next four years.
Appointment of a competent Nigerian with experience in result-based budgeting as Minister of Health will boost the chances of success in the implementation of health policies and foster judicious use of available resources.
The facility granted Nigeria was designed to bring about significant improvements in maternal, child, and nutrition health services for women and children in the country.
The World Bank Group says it is expected that the new health operation will start implementation on August 1, 2015 and run till December 2019.