World Bank Grants $500 million Credit For Nigerian girls’ Education

The World Bank Board of Directors has granted $500 million credit from the International Development Association (IDA) for the Adolescent Girls Initiative for Learning and Empowerment (AGILE). The goal of the project is to improve secondary education opportunities among girls in targeted areas. In a statement released on Tuesday, the bank said adolescent girls face many constraints in accessing and completing secondary education. “In northern Nigeria, the lack of secondary schools is significantly greater with up to ten primary schools for every secondary school. The poor condition of infrastructure and…

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World Bank Approves $750m Credit For Nigeria Power Sector

A sum of $750 million International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply has been approved by the World Bank. This was disclosed in statement by the World Bank in Abuja on Wednesday. The aim was to achieve financial and fiscal sustainability and enhance accountability in Nigeria’s power sector. The statement explained that about 47 per cent of Nigerians do not have access to grid electricity and those who have access, faced regular power cut. According to World Bank, the economic cost…

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