Yemi Obafemi
As part of effort to strengthening human capital, the World Bank has approved $1.57bn to support Nigeria government.
This was disclosed in a statement on Monday, stating that three new loan approved is to support the Federal Government in strengthening human capital through better health for women, children and adolescents.
The World Bank said the approved projects will enhance Nigeria’s climate resilience, mitigating the impacts of floods and droughts through improved dam safety and irrigation systems.
“The World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.”
While breakingdown the fund, the Bank said $500m will addresses issues hindering the delivery of education and health, $570m for the Primary Healthcare Provision Strengthening Programme and $500m for the Sustainable Power and Irrigation for Nigeria Project.
The statement read: “The HOPE-GOV and HOPE-PHC programmes combined will support the Government of Nigeria to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria’s human capital outcomes.
“The SPIN project will support improvement of dams’ safety and management of water resources for hydropower and irrigation in selected areas of Nigeria.
“The HOPE-GOV Programme will support Nigeria to address underlying governance weaknesses in the systems and procedures of government in two key human development sectors.”
