World Bank Approves Six (6) Projects For Nigeria


According to a statement by the bank on Wednesday, 19th February, 2020, the projects would be focusing on improving immunisation and providing an enabling business environment for private sector.
The projects would also capture expansion of the digital economy to promote the job creation and increase capacity of public and private sector on governance, social and environmental safeguards.
These projects are focused on delivering better services to Nigerian citizens. This means ensuring that children are immunised and sleep under mosquito nets.
It also aimed at improving rural mobility with better roads, and providing citizens with a unique identification number to be able to better target social safety nets.

The World Bank is also ramping up its support to Nigeria in its efforts to raise 100 million Nigerians out of poverty.
The global bank in addition explained that the approved programme of support in the fiscal year 2020 included Immunisation Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT).
According to the bank, the projects will strengthen health systems to deliver effective primary health care and improve immunisation, malaria control, and child and maternal health in selected states.
It added that amongst key results, the project aimed to improve vaccination coverage; the percentage of children under five who sleep under insecticide treated nets from 28 per cent to 41 per cent, and improve the percentage of women who receive post-natal check-ups from 47 per cent to 55 per cent.
It stated that the project was financed under concessional terms through an International Development Association (IDA), with credit of 650 million dollars.
The Nigeria Rural Access and Agricultural Marketing Project will upgrade rural roads and improve connectivity and access to local markets and agribusiness services in over 13 states.
In particular, the project will upgrade about 1,600 kilometers of rural roads and improve 65 agro-logistics centers. These interventions are expected to increase by up to 10 per cent (%) the proportion of the population living within two kilometers of an all-season road.
The project is financed through an IDA credit of 280 million dollars, co-financing of 230 million dollars from the French Development Agency and 65 million dollars from the Government of Nigeria.

It added that; Nigeria Digital Identification for Development Project will enhance the National Identity Management Commission to increase the number of persons who have a National Identification Number (NIN), reaching about 150 million in the next couple of years.
It further stated that this would enable people in Nigeria, especially marginalised groups, to access welfare-enhancing services.
It explained that the project would also enhance the ID system’s legal and technical safeguards to protect personal data and privacy.
It is financed through an IDA credit of 115 million dollars and co-financing of 100 million dollars from the French Agency for Development and 215 million dollars from the European Investment Bank.

The Ogun State Economic Transformation Project will catalyse private investment in the state by improving the business-enabling environment, strengthening agri-food value-chains and upgrading skills.
Amongst some of the key results, the project will support the issuance of 15,000 Certificates of Occupancy, assist off-taker arrangements with agribusinesses for up to 40,000 farmers.
It will improve Science Technology Engineering Mathematics (STEM), teaching in up to 70 per cent (%) of public secondary schools, financed through an IDA credit of 250 million dollars.

Innovation Development and Effectiveness in the attainment of Skills Project will help in strengthening the skills of 50,000 Nigerian students and boost the capacity of technical teachers to better equip them for jobs in the formal and informal sectors.
The project will increase female enrolment rate from 13 per cent to 23 per cent in technical colleges and provide recognised skills and certification to over 3,000 youths after completing an informal apprenticeship.

World Bank added that; it is also being financed through an IDA credit of 200 million dollars.


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