Minister of Finance, Kemi Adeosun, has disclosed that the Federal Government has authorised Bill and Melinda Gates Foundation to start the repayment of $76 million polio eradication loan to Japan.
She made this known in Abuja on Tuesday when receiving a delegation of Japanese House of Councillors Parliamentarians.
The minister stated that the authority to trigger repayment was given to Bill and Melinda Gates Foundation following the eradication of polio in Nigeria.
Adeosun said the eradication of polio was made possible as a result of the Overseas Development Assistance (ODA) facility provided by the Japanese Government valued at $76 million 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.
