The World Bank has approved $1.08 billion in concessional financing to boost education quality, nutrition, and economic resilience in Nigeria. The funding includes $500 million for the HOPE-EDU initiative to improve basic education, $500 million for … Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader World Bank approves $1.08bn to empower nigeria's education, Nutrition, and economic growth By Olamide Adedara on April 3, 2025 The World Bank has approved $1.08 billion in concessional financing to boost education quality, nutrition, and economic resilience in Nigeria. The funding includes $500 million for the HOPE-EDU initiative to improve basic education, $500 million for the Community Action for Resilience and Economic Stimulus Programme (NG-CARES), and $80 million for the Accelerating Nutrition Results in Nigeria (ANRIN 2.0). Read also, World Bank approves $1.08bn to empower nigeria's education, Nutrition, and economic growth New investment law to drive Nigeria's $1 trillion economy target CBN Debunks fake report on new N5,000 and N10,000 banknotes Lagos partners with private sector to boost circular economy, job creation World Bank commits $1.08bn to boost small businesses, education, and nutrition in Nigeria The bank emphasized that these investments will support millions of vulnerable Nigerians, particularly in the wake of economic shocks from fuel subsidy removal and foreign exchange reforms. World Bank Country Director for Nigeria, Dr. Ndiamé Diop, stressed that investing in human capital is crucial for unlocking Nigeria's potential, ensuring better education outcomes, improved nutrition for underserved groups, and stronger economic resilience.

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