World Bank Unleashes $40 Million Safety Net for Struggling Nigerians Amid Economic Crisis
The World Bank has allocated $40 million to expand financial protection for poor and vulnerable Nigerians through a new health-focused loan programme approved for the country.
According to Sunday PUNCH, the initiative—approved on September 26, 2024—includes a $500 million credit from the International Development Association (IDA) and a $70.01 million grant from the Global Financing Facility.
Titled Human Capital Opportunities for Prosperity and Equality – Health Programme-for-Results (HOPE-Health-PforR), the programme will run until June 30, 2029.
