The World Bank has approved $1.08 billion in concessional financing for Nigeria to support education, nutrition, and economic resilience initiatives, particularly for underserved communities.

In a statement released on Wednesday, the bank detailed the allocation of funds across three key programs:

$500 million for the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES) program, aimed at expanding access to livelihood support, food security services, and grants for poor and vulnerable households.

The World Bank has approved $1.08 billion in concessional financing for Nigeria to support education, nutrition, and economic resilience initiatives, particularly for underserved communities.

The financing for ANRIN aims to increase the utilization of quality and cost-effective nutrition services for pregnant women and lactating mothers, adolescent girls, and children under five in select areas while the new financing for HOPE-EDU will focus on improving foundational learning, access to basic education, and strengthening education systems in the participating states.