The World Bank has approved three new projects for Nigeria, totalling $1.57 billion in financing.
According to a statement released on Monday by World Bank Nigeria, this new funding will support the country in addressing governance challenges in education and healthcare, improving primary healthcare services, and increasing resilience to climate change through enhanced dam safety and irrigation infrastructure.
The approval, made on September 26, 2024, highlights the World Bank’s commitment to strengthening Nigeria’s human capital and building resilience in the face of climate threats.
This financing package, which includes $1.5 billion loan and $70 million grant, is part of broader efforts to improve key sectors such as education, healthcare, and water management, while also tackling poverty and boosting productivity.