World Bank has announced the approval of $1.08 billion in concessional financing for Nigeria, indicating a significant effort to enhance education quality, nutrition, and community resilience nationwide.
According to World Bank The funding, revealed on Wednesday, will allocate financial support to three major initiatives: $500 million for the NG-CARES Program to strengthen resilience in households and communities, $80 million for the ANRIN 2.0 initiative to boost nutrition outcomes, especially for at-risk groups, and $500 million for the HOPE-EDU initiative focused on reforming public primary education.
The majority of the funding is designated for the HOPE-EDU program, which seeks to improve Nigeria’s underperforming public education system. This initiative will support 29 million children enrolled in public primary schools, along with 500,000 teachers and more than 65,000 schools across the country
The ANRIN 2.0 and NG-CARES initiatives aim to tackle urgent social issues by offering nutritional assistance and enhancing community resilience. Specialists are confident that these programs will be especially advantageous in rural regions, where malnutrition and economic instability are prevalent
This new funding underscores the World Bank’s ongoing commitment to mitigating Nigeria’s socio-economic difficulties through targeted development initiatives.
