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World Bank Offers FG N27.58bn For Community Projects

The World Bank on Wednesday said it would soon start the disbursement of $140m (N27.58bn) under its assisted Community and Social Development Project to 26 states and the Federal Capital Territory. The bank, in a statement issued in Abuja and made available to our correspondent, said about $200m (N39.4bn) had been disbursed under the first […]

World Bank Group to work with private sector to scale up investment in emerging markets
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  • The World Bank on Wednesday said it would soon start the disbursement of $140m (N27.58bn) under its assisted Community and Social Development Project to 26 states and the Federal Capital Territory.
  • The bank, in a statement issued in Abuja and made available to our correspondent, said about $200m (N39.4bn) had been disbursed under the first phase of the project, thus bringing the total amount provided under the programme to $340m (N66.98bn)
  • It said states that would benefit from the additional financing would focus on the most vulnerable households in poor communities in the country.
  • Anambra, Kaduna and Sokoto states, it added, are also set to participate in the additional financing.
  • The statement said the additional financing was expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centres and clinics and skills acquisition.




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