World Bank unveils $12b aid package to fight Coronavirus

Posted by News Express | 4 March 2020 | 1,088 times

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• Ogbonnaya Onu

The World Bank unveiled a $12 billion aid package on Tuesday that will provide fast-track funds to help countries combat the coronavirus outbreak.

“The goal is to provide fast, effective action that responds to country needs,” World Bank President David Malpass told reporters.

He said it is critical to “recognize the extra burden on poor countries” least equipped in the struggle to prevent the spread of the COVID-19 virus.

The funds, some of which are targeted to the world’s poorest nations, can be used for medical equipment or health services and will include expertise and policy advice, the bank said in a statement.

The virus that erupted in central China in December has killed more than 3,000 worldwide and infected over 90,000 people.

Malpass said the money — $8 billion of which is new — will go to countries that request help. The bank has been in contact with many member nations, but he did not specify which are likely to be the first to receive aid.

“The point is to move fast. Speed is needed to save lives,” he said in a conference call.

“We want to make the best use of the World Bank’s extensive resources and global expertise and the historical knowledge of crisis,” he said, citing similar crisis funding to combat the Ebola and Zika outbreaks in recent years. (Channels/AFP)



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Nigerian youths losing interest in science — FG


The Minister of Science and Technology, Ogbonnaya Onu, says the ministry has discovered a decreased interest by Nigerian youths in studying science and related courses.

Addressing young scientists yesterday at the final examination of the Young Nigerian Scientists Presidential Award (YONSPA) in Abuja, Onu said the ministry was poised to redress this affair through the ‘’Catching them Young’’ initiative of the federal government.

 According to him, the YONSPA is aimed at making young Nigerians to develop interest in science and mathematics early in life.

Onu used the occasion to further challenge Nigerian scientists to find a cure for coronavirus.

He urged the youths to strive to be solution providers by aiming high and dreaming big. Related Small hydropower projects coming




Source: News Express

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