The World Bank on Tuesday approved six projects worth about $2.2bn for implementation in Nigeria in the 2020 fiscal year.
A statement issued by the World Bank early on Wednesday said the projects would support human capital and economic development in a bid to lift millions of Nigerians out of poverty.
According to the statement, the facilities approved by the bank would finance projects aimed at improving immunization, creation of a stronger business environment for the private sector and expansion of the digital economy for job creation.The projects also seek to increase public and private sector capacity on governance, and provision of social and environmental safeguards.
“Ensuring that children are immunized and sleep under mosquito nets, building better roads especially in rural areas, and providing Nigeria’s poorest citizens with a unique identification that will make social safety nets and services more effective,” he said. A scheme targeted at boosting immunisation and the campaign against Malaria in selected states is to be financed under concessional terms through an IDA credit of $650m.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
World Bank approves six development projects for Nigeria in 2020The World Bank on Tuesday announced the approval of six development projects valued at about $2.1885 billion for execution in Nigeria in 2020.
Read more »
World Bank meets over fresh loan for Nigeria
Read more »
12 Nigerian states miss out of N1.37bn World Bank fiscal transparency grantThe World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion) State Fiscal Transparency, Accountability and Sustainability (SFTAS)
Read more »
EFCC arraigns Ex-Sterling Bank staff, wife for allegedly stealing N2.7m - Daily Post NigeriaThe Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, Wednesday arraigned an ex-banker, Akinwole Oluwaseun Dosunmu, alongside his wife,
Read more »
Court bars INEC from deregistering 31 political parties | The Guardian Nigeria News - Nigeria and World NewsJustice Anwuli Chikere of the Federal High Court, Abuja, on Monday, restrained the INEC from deregistering 31 political parties.
Read more »
Bello warns MDAs against contract inflation, project padding | The Guardian Nigeria News - Nigeria and World NewsYahaya Bello of Kogi has warned heads of ministries, departments and agencies (MDAs) and members of his cabinet against inflating costs of projects and contracts. He gave the warning on Monday in Lokoja while declaring open a two-day induction.....
Read more »