World Bank To Lend 1.65 Billion To Nigeria Next Year
The World Bank is scheduled to approve three large loan projects for Nigeria worth 1.65 billion in 2025 as part of efforts to solve the countrys crucial development concerns.
The loans, which are now in the works, will focus on internally displaced people, education, and nutrition.
According to material available on the World Banks website, the loans are intended to aid Nigerias social and economic recovery, particularly in vulnerable sectors that require immediate intervention.
The first project, Solutions for the Internally Displaced and Host Communities Project, has a 300 million commitment and is expected for approval on April 8, 2025.
The initiative, which is still in the concept assessment stage, aims to provide long-term solutions for internally displaced people and their host communities by tackling social and economic concerns.