The World Bank has approved $300 million in financing to support up to 7.4 million Nigerians living in internally displaced persons (IDP) camps and their host communities across Northern Nigeria.Approved on August 7, 2025, the funding aims to strengthen… Read on blog or Reader SMALL BUSINESS INSIGHTS Read on blog or Reader World Bank approves $300m to support IDPs By Busola Bamidele on August 12, 2025 The World Bank has approved $300 million in financing to support up to 7.4 million Nigerians living in internally displaced persons (IDP) camps and their host communities across Northern Nigeria. Approved on August 7, 2025, the funding aims to strengthen resilience and expand access to essential services in areas heavily affected by displacement. Read also: APPLY NOW: Subject Teacher World Bank approves $300m to support IDPs APPLY NOW: Operations Staff Plateau launches online business premises registration to boost MSME compliance, growth APPLY NOW: Travel Agent World Bank Country Director for Nigeria, Mathew Verghis, described the initiative as a significant step toward tackling the country's long-standing development challenges linked to protracted displacement. "This initiative has tremendous potential to help Nigeria address these challenges in a sustainable way," Verghis said.

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