Wednesday, August 02, 2006
World Bank: billions for Lagos slums
The World Bank offers N25.2 billion ($200 million) to upgrade slums in Lagos. But what is the money for, who will control it, how will it be spent, will the slum-dwellers themselves be involved, will people be able to afford what the World Bank money might produce? Money alone is not the issue.
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Indeed, its likely to go the way of the oil concession $$ ($300b by some estimates), into elite coffers rendering the country poorer than before the oil or squatter upgrade program started.
True, true, lablogga. And sad too. I'll be in Nigeria next year working on a new book project but I will try my best to make some time to follow the money.
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