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Bill & Melinda Gates Foundation to repay Nigeria’s $76m Debt

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Niger State Govt Reveals Plan to Partner Bill & Melinda Gates Foundation on Health Delivery

Melinda Gates and Bill Gates

Nigeria has authorised Bill and Melinda Gates Foundation to start the repayment of $76 million polio eradication facility to Japan.

The Minister of Finance, Kemi Adeosun, made this known in Abuja on Tuesday when she received a delegation of Japanese House of Councillors Parliamentarians.

She said that the delegates were in Nigeria to assess the level of usage of Overseas Development Assistance (ODAs) extended to Nigeria since 2014.

She added that the authority to trigger repayment was given to Bill and Melinda Gates Foundation following the eradication of polio in the country.

She noted that the eradication of polio was made possible as a result of the ODA facility provided by the Japanese Government valued at 76 million dollars in 2014.

She recalled that the ODA was structured for repayment after four years and that by this development, Bill and Mellinda Gates Foundation would start repaying the facility to Japan this year.

Adeosun while marketing Nigeria to the Japanese delegation, noted that the country was fast growing and evolving from negative areas to positive areas through its determined fight against corruption.

She added that “because Nigeria is a middle income country, we will require the expertise of Japanese companies for infrastructure development.

“Nigeria is a good place to invest because it is a rising investment destination.

“I promise that the government will make life easy for Japanese investors wishing to do business in Nigeria.”

In his address, the leader of the delegation, Kiyoshi Ejima, described Nigeria as a power house with rich natural resources with which Japan tried to strengthen relationship with.

Nigeria, he said, had set the target of becoming one of the top 20 economies by the year 2020 and he assured that “Japan will support Nigeria toward realising its 2020 target.”

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

13 Comments

  1. mrs pangolo

    January 10, 2018 at 3:18 pm

    There they go again, selling off this country to the highest bidder! if you don’t know, ask what we are giving them in return for this handout? the blood, sweat and tears of our children and the children after them

    • Birthday gyal

      January 10, 2018 at 4:44 pm

      Everything is so vague in this country. I don tire. Selling us like hand out.

    • Fleur

      January 11, 2018 at 2:55 am

      You should be very ashamed Adeosun. What of all the money recovered by EFCC? Could we not at least save f—ing face and pay this damned bill rather than beg the citizen of another country to come rescue us like a god? All of you leaders should pay two coins for a coin for your evil.

  2. Jay

    January 10, 2018 at 4:29 pm

    This is the kind of money I am making where I can pay a countries debt. Thank you Lord

  3. Yoyo

    January 10, 2018 at 4:32 pm

    This is Africa for you! We have billionaires that are only good at showcasing their wealth! In developed countries the rich brag with their good deeds! Eg building a cancer wing in a hospital, or erecting a building in a community college! In other words they leave a legacy behind! Please someone kindly enlighten me on what naija billionaires are doing?

  4. Michy

    January 10, 2018 at 4:50 pm

    I wonder the shady business that went on behind closed doors in return for this repayment. The Gates ain’t doing this FOC.

  5. Frank White

    January 10, 2018 at 9:47 pm

    Either people are so used to being treated unfairly that they don’t know how to react when they receive a gift, or they’re just intellectually lazy.

    The Bill and Melinda Gates foundation is a legit charitable organization – emphasis on charity, meaning no strings attached. If it were a foreign government, or corporation i would understand the skepticism. One of the organisation’s core goal is to eliminate polio.

    Mrs pangolo and Birthday gyal, when people do nice things for you, the correct response is usually to just say thank you and leave it at that.

    • Bimzz

      January 10, 2018 at 9:53 pm

      Even you can’t be this stupid, no strings attached my big fat behind ?

    • Jade

      January 11, 2018 at 12:15 am

      @frank white.
      Chai, you are very naive. No one will give that amount of money just freely like that without any exchange good or bad. Bill gates gives out scholarships. But he’s one of the biggest supporter of depopulation.
      When they claim to eradicate something, it leads to other problems. All these vaccine, tests, immunization etc is what is leading to the various mysterious diseases, viruses and we don’t have the cure for them.

  6. Adamazi

    January 10, 2018 at 10:16 pm

    “I promise that the government will make life easy for Japanese investors wishing to do business in Nigeria.” The Minister of Finance, Kemi Adeosun.

    In return Nigerians will become second class citizens to them in Nigeria. They will open shops in Nigeria and Nigerians can’t shop there. Madam Minister of Finance please elaborate on your above statement.

  7. FRANK

    January 10, 2018 at 11:51 pm

    After that he’s gonna own Nigeria. l. Like Americans say nothing is free, even freedom ain’t free. Everything comes with a price tag. Can’t believe a rich country like Nigeria will be looking for handouts.

  8. FRANK

    January 10, 2018 at 11:52 pm

    When Nigeria go ever get SENSE

  9. Tish Tish

    January 11, 2018 at 4:37 am

    Our politicians should be embarrassed…oh wait I forgot they don’t care

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