The World Bank has accepted three additional loan proposals totaling $1.57 billion in finance for Nigeria.<\/p>\n
According to a statement made on Monday, the clearance is intended to help the Federal Government improve human capital by improving the health of mothers, children, and adolescents.<\/p>\n
It further stated that the approved projects would help improve resilience to the effects of climate change, such as floods and droughts, by increasing dam safety and irrigation.<\/p>\n
The statement read, \u201cThe World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.\u201d<\/p>\n
The international lender noted that the additional investment comprises $500 million to address governance concerns that impede education and health delivery, $570 million for the Primary Healthcare Provision Strengthening Programme, and $500 million for the Sustainable Power and Irrigation for Nigeria Project.<\/p>\n
\u201cThe HOPE-GOV and HOPE-PHC programmes combined will support the Government of Nigeria to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria\u2019s human capital outcomes.<\/p>\n
\u201cThe SPIN project will support improvement of dams\u2019 safety and management of water resources for hydropower and irrigation in selected areas of Nigeria.<\/p>\n
\u201cThe HOPE-GOV Programme will support Nigeria to address underlying governance weaknesses in the systems \u00a0and procedures of government in two key human development sectors,\u201d it noted.<\/p>\n
The approval, made on September 26, 2024, highlights the World Bank\u2019s commitment to strengthening Nigeria\u2019s human capital and building resilience in the face of climate threats.<\/p>\n","protected":false},"excerpt":{"rendered":"
The World Bank has accepted three additional loan proposals totaling $1.57 billion in finance for Nigeria. According to a statement made on Monday, the clearance is intended to help the Federal Government improve human capital by improving the health of mothers, children, and adolescents. It further stated that the approved projects would help improve resilience […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[],"class_list":["post-50304","post","type-post","status-publish","format-standard","hentry","category-business"],"aioseo_notices":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/comments?post=50304"}],"version-history":[{"count":1,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50304\/revisions"}],"predecessor-version":[{"id":50305,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/posts\/50304\/revisions\/50305"}],"wp:attachment":[{"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/media?parent=50304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/categories?post=50304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/abujacityjournal.com\/livenews\/wp-json\/wp\/v2\/tags?post=50304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}