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Strengthening human capital: a new $1.57 billion loan for Nigeria

01/10/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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The World Bank announced on Monday, September 30, 2024, that it had granted $1.57 billion in financing to Nigeria. This funding is part of the framework of strengthening human capital through better health for women, children and adolescents, while strengthening resilience to the effects of climate change.

The new World Bank loan to Nigeria includes some $500 million to address governance issues that hinder education and health, $570 million to strengthen primary health care, and an additional $500 million for the Nigeria Sustainable Energy and Irrigation Project (SPIN), according to Ndiame's details. Diop, country director of the World Bank style="font-family: "Bookman Old Style”, "serif"> in Nigeria, in a statement. According to the information, “this new funding for human capital and primary health care will help address the complex challenges that Nigerians, especially women and girls, face in terms of access and quality of services, but also the governance arrangements that also explain these challenges.”

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