FG Budgets $17.18m For Identity Project

The Federal Government will this year spend $17.18 million (N6.7 billion) on the Identity for Development (ID4D) project, New Telegraph has learnt. According to the approved 2021 budget, this amount will be used to pay the multilateral/ bilateral funded loan for the project, which is aimed at increasing the number of persons with the National Identity Number (NIN) and building a robust and inclusive foundational identification system that facilitates their access to services.
 
The ID4D project loan payment accounts for 90.5 per cent of the total amount to be spent on capital projects by the National Identity Management Commission (NIMC) this year. The commission is to spend the sum of N7.4 billion on capital projects this year, according to the approved budget.
 
The project, which started last year, is being financed through an International Development Association (IDA) credit of $115 million and co-financing of $100 million from the French Agency for Development and $215 million from the European Investment Bank. According to the World Bank, which facilitated the loans and monitoring the project, as of September 30, 2020, IDA had released its $115 million commitment…
 
More details through:
https://www.newtelegraphng.com/fg-budgets-n6-7bn-for-identity-project/
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