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Six projects approved by the World Bank – Nigeria

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The World Bank has approved six projects to support Nigeria’s development priorities, the digital economy, and job creation.

On Wednesday, 19 February 2020, the bank said in a statement in Abuja that the projects would be focusing on providing and enabling business environments for the private sector.

It said the projects would also capture the expansion of the digital economy to promote job creation and increase the capacity of the public and private sector on governance, social and environmental safeguards.

“These projects are focused on delivering better services to Nigerian citizens. This means ensuring that children are immunised and sleep under mosquito nets.

“They are also aimed at improving rural mobility with better roads and providing citizens with a unique identification number to be able to better target social safety nets.

“The World Bank is also ramping up its support to Nigeria in its efforts to lift 100 million Nigerians out of poverty,” the bank said.

The global bank further explained that the approved programme of support in the fiscal year 2020 included Immunisation Plus and Malaria Progress by Accelerating Coverage and Transforming Services (IMPACT).

According to the bank, the projects will strengthen health systems to deliver effective primary healthcare and improve immunisation, malaria control, as well as child and maternal health in selected states.

It added that amongst key results, the project is aimed at improving vaccination coverage; To increase the percentage of children under five who sleep under insecticide-treated nets from 28 percent to 41 percent, and to improve the percentage of women who receive post-natal check-ups from 47 percent to 55 percent.

It stated that the project was financed under concessional terms through an International Development Association (IDA), with credit of 650 million dollars.

“Nigeria Rural Access and Agricultural Marketing Project will upgrade rural roads and improve connectivity and access to local markets and agribusiness services in 13 states.

“In particular, the project will upgrade about 1,600 kilometers of rural roads and improve 65 agro-logistics centers. These interventions are expected to increase by up to 10 percent the proportion of the population living within two kilometers of an all-season road.

“The project is financed through an IDA credit of 280 million dollars, co-financing of 230 million dollars from the French Development Agency and 65million dollars from the Government of Nigeria,’’ the World Bank continued.

Nigeria Digital Identification for Development Project will support the National Identity Management Commission to increase the number of persons who have a National Identification Number (NIN), reaching about 150 million in the next couple of years,’’ it added.

It further stated that this would enable people in Nigeria, especially marginalised groups, to access welfare-enhancing services.

It explained that the project would also enhance the ID system’s legal and technical safeguards to protect personal data and privacy.

“This is financed through an IDA credit of 115 million dollars and co-financing of 100 million dollars from the French Agency for Development and 215 million dollars from the European Investment Bank,’’ the statement added.

– APA

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