Towards supporting the Federal Government of Nigeria to strengthen human capital through better health for women, children and adolescents, the World Bank has approved three new loan requests to the tune of $1.57bn for Nigeria.
This was disclosed in a statement released on Monday which added that the approved projects would also address the effect of climate change such as floods and drought through improving dams safety and irrigation.
“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,” the statement said.
The bank stressed that the new financing includes $500m to be used in addressing governance responsibilities that border on delivery of education and health, while $570m would go for Primary Healthcare Provision Strengthening Programme and $500m for Sustainable Power and Irrigation for Nigeria Project.
“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 statement added.
“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,” it said.
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