The World Bank approved six projects worth about $2.2 billion to support Nigerian human capital and economic development in 2020. The funds will be spent on immunization, the expansion of the digital economy, job creation, and public and private sector governance. “World Bank is ramping up its support to Nigeria in its efforts to lift 100 million Nigerians out of poverty,” the lender’s country director for Nigeria, Shubham Chaudhuri, said in the statement. Financiers for the projects include the Nigerian government, the International Development Association, the French Development Agency and the European Investment Bank.
SOURCE: BLOOMBERG
More Stories
How to Experience Lagos and Parts of Nigeria
From Former Refugee to Travel Fundi
Living Wild in Zambia’s National Park
A Traveller’s Guide to the Kgalagadi Transfrontier Park
Rwanda is Home to Many other Thrilling Species – If you Know Where to Look
Akwasi Brenya-Mensa on Tatale: “My Work is About What African Cuisine Will Look Like in 30 to 50 Years’ Time”
Behold ‘The Woman King’: Viola Davis as a Real-Life Warrior General
10 Questions With… Nfemi Marcus-Bello
Meet the Ghanaian Author Documenting the History of African Designers
Beyoncé Has Helped Usher in a Renaissance for African Artists
Angola’s Privatisation Campaign is an Experiment
Trouble in Abuja’s Airspace