The World Bank says it has approved $300 million to fund a new project aimed at improving access to services and economic opportunities for internally displaced persons (IDPs) and their host communities in northern Nigeria.
The World Bank has approved a total of $8.40bn (N12.89tn) in fresh loans to Nigeria over the past two years, according to data obtained from the bank’s official website.
World Bank Warns Nigeria, Others as Investors Shun Debt-ridden Economies
The World Bank has warned that foreign private capital is retreating from developing economies such as Nigeria and others due to rising debt levels and weak growth prospects, and called for urgent debt reforms.
The warning...
The World Bank has approved an additional $65m credit facility for Nigeria under the Sustainable Procurement, Environmental, and Social Standards Enhancement project.
Nigeria, Conflict-Affected Economies Face Growing Extreme Poverty Crisis - World Bank
The World Bank has warned that extreme poverty is growing rapidly in Nigeria and 38 other economies affected by conflict and instability, worsening hunger and pushing development goals further out of reach.
The bank made...
The Federal Government has moved to secure an additional $500 million in financing to upscale the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) Programme.
