The World Bank has approved $1.08 billion in concessional financing for Nigeria to strengthen education, enhance economic resilience, and improve nutrition for vulnerable communities.
Originally designed as part of the bank’s COVID-19 response, the funding aims to support Nigeria amid ongoing economic challenges following the government’s 2023 reforms.
According to the World Bank, $500 million will be allocated to an economic stimulus program, another $500 million will go toward improving education, and the remaining funds will be directed at raising nutritional standards across the country.