World Bank approves another $500m loan for Nigeria

The Nigerian government has again secured another loan of $500 million from the World Bank.

A statement by the global bank on recently, said it approved the loan for Nigeria to scale up financing for Nigeria Women Programme, for which $100 million was initially approved on June 27, 2018.

“The World Bank has approved $500m for Nigeria for Women Program Scale Up (NFWP-SU). The scale-up financing will further support the government of Nigeria to invest in improving the livelihoods of women in Nigeria.

“The NFWP-SU will help to ensure better economic opportunities for women, which is essential for addressing gender inequality; guaranteeing better education, health, and nutrition outcomes for families; and building women’s and communities’ resilience to climate change,” the statement reads.

This will be the second loan being approved by the World bank in the Tinubu administration.

Leave a Reply

Your email address will not be published. Required fields are marked *