The World Bank has approved a $1.08 billion concessional loan for Nigeria to enhance education quality, bolster economic resilience, and improve nutrition among underserved communities.
This financing encompasses three key initiatives:
- Community Action for Resilience and Economic Stimulus (NG-CARES) Program: Receiving an additional $500 million, this program aims to expand access to livelihood support, food security services, and grants for poor and vulnerable households across Nigeria’s 36 states and the Federal Capital Territory.
- Hope for Quality Basic Education for All (HOPE-EDU): Allocated $500 million, this initiative focuses on improving foundational learning, increasing access to basic education, and strengthening education systems in participating states.
- Accelerating Nutrition Results in Nigeria (ANRIN 2.0): With $80 million in funding, this project seeks to increase the utilization of quality nutrition services for pregnant women, lactating mothers, adolescent girls, and children under five in select areas, addressing malnutrition and food insecurity.
Ndiamé Diop, the World Bank Country Director for Nigeria, emphasized the importance of investing in human capital, stating that these programs will help Nigeria accelerate education quality and support vulnerable citizens. 
This substantial financial commitment underscores the World Bank’s dedication to supporting Nigeria’s efforts in overcoming economic challenges and fostering sustainable development through targeted investments in education, economic resilience, and nutrition.
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