How N13.5bn World Bank Education Loan was Spent : Fashola

How N13.5bn World Bank Education Loan was Spent : Fashola

Governor Babatunde Fashola of Lagos State, Tuesday, formally gave a breakdown of how his administration spent the $90million about N13.5 billion, education grants by World Bank to state in 2009, saying the state government had nothing to hide.
According to Fashola, contrary to concerns raised in some quarters that the money had not been spent in an open manner, is actually not true, β€œthe funds had been deployed judiciously.”
Fashola said the loan, obtained to fund teaching and learning infrastructure under the sate`s Eko Secondary Education Project was achieving its purpose as it had significantly improved student`s performance.


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