The World Bank has approved a total of $1.08 billion to support education, nutrition, and economic growth in Nigeria.
The approved operations include:
- $500m additional financing for the Community Action for Resilience and Economic Stimulus Programme
- $80m for Accelerating Nutrition Results in Nigeria (ANRIN 2.0)
- $500m for the Hope for Quality Basic Education for All (HOPE-EDU) initiative
A statement on the bank’s website on Wednesday said:
“The World Bank has approved three operations in Nigeria, totalling $1.08bn in concessional financing, to enhance education quality, build household and community resilience, and improve nutrition for underserved groups.”
The NG-CARES Programme, initially designed to address COVID-19 economic impacts, will expand support for poor and vulnerable households. The programme has already reached over 15 million beneficiaries.
World Bank Country Director for Nigeria, Dr. Ndiamé Diop, stated:
“Investing in human capital is critical for Nigeria as it offers the best opportunity to unlock the enormous potential of Nigeria. These new programmes will help accelerate education quality and support vulnerable citizens. The HOPE-EDU programme will enable better education outcomes by implementing bold reforms and making the right investments to equip the fast-growing young population with foundational skills necessary for rapid and inclusive economic growth.”
Diop added:
“The ANRIN interventions would improve access to micronutrient-rich foods and nutrition services at primary healthcare levels, while the NG-CARES funding would help Nigeria move from pandemic response to long-term resilience, especially amid ongoing economic challenges.”
The HOPE-EDU initiative will directly benefit:
- 29 million public primary school pupils
- 500,000 teachers
- 65,000 public primary schools
The project will receive an additional $52.18m from the Global Partnership for Education Fund.
