Grapevine

By Punch
Sep 19, 2024

World Bank to grant Nigeria $1.7bn loan – Report

The funds will be received via three major development projects aimed at enhancing Nigeria’s economic stability and resource mobilisation capabilities.

The first project is the Nigeria: Primary Healthcare Provision Strengthening Programme, which is set to receive $500m.

The second project, Nigeria Human Capital Opportunities for Prosperity and Equity Governance, has proposed funding of $500m.

While the Sustainable Power and Irrigation for Nigeria Project will receive the highest funding of $700m.

The document stated that these projects have reached the negotiation stage and are expected to be approved on September 26, 2024. (As of board presentation).