World Bank approves $2.2 billion to tackle “extreme poverty” in Nigeria

The World Bank has approved six projects worth about $2.2 billion to support Nigerian human capital and economic development in 2020 according to a report by The Guardian .

“Nigeria is central to the World Bank Group’s mission of tackling extreme poverty,” said David Malpass, World Bank Group President, in a statement.

“The World Bank is carefully targeting its support on high impact projects as the country works to tackle corruption and lift 100 million of its people out of poverty,” he added.

They listed Immunization Plus & Malaria Progress by Accelerating Coverage and Transforming Services, Ogun State Economic Transformation Project and Nigeria Rural Access and Agricultural Marketing Project as parts of the six approved program of support in 2020 fiscal year.

Others are Innovation Development and Effectiveness in the Acquisition of Skills Project, Sustainable Procurement, Environmental and Social Standards Enhancement Project and Nigeria Digital Identification for Development Project.

Source / More : Guardian News

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