Thursday, May 2, 2024

World Bank approves $961m lifeline for Nigeria

The World Bank has approved two Programme-for-Results operations totaling $961million to support Nigeria’s Federal and state governments in their efforts to foster inclusion and revive growth, in alignment with the Economic Recovery and Growth Plan of the Federal Government of Nigeria for 2017–2020.

The Better Education Service Delivery for All Programme-for-Results is a $611m credit aiming to bring out-of-school children into the classroom, improve literacy and strengthen accountability for results in basic education.

In 2013, at least 13 million school-age children were out of school, the majority of which is in the North, where out-of-school children rates are also higher among girls, in rural areas and from poor families, the financial institution noted.

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