President Muhammadu Buhari, Thursday, joined African leaders in Dakar, Senegal to launch “the largest financial package ever mobilized in the history of the International Development Association (IDA) – $93billion – geared towards a “robust and resilient economy for Africa.”
Seventy percent of the global fund will be spent on African countries between now and 2027, with Nigeria getting the biggest cut among the African States.
President Buhari, who was personally present at the event convened by Macky Sall, the President of the Republic of Senegal and Chairperson of the African Union stressed that in view of the current challenges faced by world economies, the Nigerian government is determined to ensure that the economy is able to withstand the shocks by building a resilient economy capable of creating jobs.
He, therefore, called on global partners for concerted efforts to help in the realization of these objectives.
President Buhari expressed confidence that the Summit will build on the Abidjan Declaration of 2021 and comprehensively address the debilitating effects of COVID-19, Climate change, insurgency and lately, the war in Ukraine.