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World Bank Confirm $961m loan On Nigeria 2020 Economic Plan

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The World Bank on Tuesday approved $961m loan to support the implementation of Nigeria’s Economic Recovery and Growth Plan 2017-2020.
In a statement made available on Wednesday by the Senior Communications Officer at the World Bank office in Nigeria, Olufunke Olufon, said
the fund would go into two programme-for-results operations totalling $961m.
One of the programmes is the Better Education Service Delivery for All, which will receive $611m. The programme aims to bring out-of-school children into the classroom, improve literacy, and strengthen accountability for results in basic education.
The second benefitting programme is the Kaduna State Economic Transformation Programme for Results, which will receive $350m credit. It focuses on enhancing private sector investment in Kaduna State through improved business environment, effective budget planning and execution, and fiscal accountability.
“These two operations support the government’s economic and growth recovery plan and will help Nigeria achieve sustainable and measurable results.”

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