OFFICIAL
The World Bank                       DOC MENTS
The Wol Ban                             Street N.W.         (202) 473-1000
INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT  Washington, D.C. 20433  Cable Address: INTBAFRAD
INTERNATIONAL DEVELOPMENT ASSOCIATION           U.S.A.                  Cable Address: INDEVAS
May 23, 2017
Mrs. Kemi Adeosun
Honorable Minister of Finance
Federal Ministry of Finance
Finance Headquarters
Central Business District
Abuja, FCT Federal Republic of Nigeria
Re: IDA Financing 50220 -NG (State Employment and Expenditure for Results Project)
First Amendment to the revised disbursement letter dated April 16, 2013
Additional Instructions: Disbursement
Excellency:
I refer to the Finance Agreement ("Agreement") between the Republic of Nigeria
("Recipient") and the International Development Association ("the Association"), for the above-
referenced project dated April 16, 2013. 1 also refer to the First Amendment of this Disbursement
Letter dated September 26, 2016 and the Omnibus Amendment dated April 12, 2017. The
Agreement provides that the Association may issue additional instructions regarding the
withdrawal of the proceeds of Financing 50220-NG ("Financing"). This amendment to the letter
("Disbursement Letter"), as revised from time to time, constitutes the additional instructions.
The purpose of this First Amendment is to add a new Designated Account to be managed
by the Federal Ministry of Finance and related instructions related to the management of this new
Designated Account. The related sections of the Disbursement letter are amended as follows:
II. Withdrawal of Grant Proceeds
(vi) Advances
*  Type ofDesignated Accounts (subsection5.3): Designated Account (F) to be
managed by Federal Ministry of Finance: Segregated
*  Currency ofDesignated Accounts (subsection 5.4): US Dollars
* Financial Institution at which the Designated Accounts will be opened
(subsection 5.5): Central Bank of Nigeria
*  Ceiling (subsection 6.1): Variable based on 6 months expenditure forecast
All other provisions and attachment in the original Disbursement Letter, the First
Amendment and the Omnibus Amendment as referred above, shall remain in force and effect.


If you have any queries in relation to the above, please contact Faly Diallo, Finance Officer
at WFALA-AFR@worldbank.org using the above reference.
Very truly yours,
INTERNATIONAL DEVELOPMENT ASSOCIATION
By
a ly DIlo
Fin nee fficer
Lan Opratin