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FG Seeks Fresh $300m Health Security Loan from World Bank.

The Federal Government of Nigeria has approached the World Bank for a fresh $300 million loan to strengthen the country’s health security system. The request comes as part of efforts to enhance preparedness for health emergencies and improve Nigeria’s overall healthcare infrastructure.

According to government sources, the loan will be used to bolster disease surveillance, upgrade medical facilities, and support rapid response mechanisms for future pandemics or outbreaks. Officials argue that the funding is necessary to address gaps in Nigeria’s health system and ensure better protection for citizens against public health threats.

Critics, however, have raised concerns about Nigeria’s rising debt profile, questioning the government’s reliance on loans for critical sectors. Some stakeholders have urged the administration to prioritize effective management of existing health funds instead of accumulating more debt. They also called for transparency in the disbursement and utilization of the proposed loan.

Supporters of the initiative argue that the funds, if properly managed, could significantly improve healthcare delivery and strengthen the nation’s resilience against health crises. They point to past pandemics, such as COVID-19, as evidence of the need for stronger emergency response systems and better-equipped medical facilities.

The World Bank has yet to confirm approval of the loan request, but discussions are reportedly ongoing. Meanwhile, the government has assured Nigerians that the loan will be used strictly for health security measures, with proper oversight to ensure accountability.

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