Busted! N10bn World Bodies’ Projects Suffer Setback Due to Poor Counterpart Funding

 Calabar (Precise Post) – THE non-payment of counterpart funding by the state government has threatened the over N10b World Bank and European Union-United Nations Children Fund (EU-UNICEF) projects.

But with recent approval by the State House of Assembly, it is hoped that work on all the sites will take off and compensations paid accordingly.

The State Coordinator for Nigeria Erosion and Watershed Management Project (NEWMAP), Dr. Fidelis Anukwa could not be reached for comments on some projects, but sources in the affected World Bank, EU-UNICEF and Federal government agencies said: “We are supposed to do new sites like Ikot Uduak in Calabar Municipal, Itache and Igaba in Ogoja Local Government Area and few other places by now, but the delay in completion of previous projects have stalled their award and take off. They are all tied to the issue of non-release of counterpart funding by the state.

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