The World Bank has approved $1.08 billion in concessional financing to support Nigeria’s education, nutrition, and economic resilience.

The funds include $500 million for the Community Action for Resilience and Economic Stimulus Programme, $80 million for the Accelerating Nutrition Results in Nigeria (ANRIN 2.0), and $500 million for the HOPE-EDU initiative.

These initiatives aim to improve basic education, expand nutrition services for vulnerable groups, and provide economic relief amid ongoing fiscal challenges. The World Bank’s Country Director for Nigeria, Ndiamé Diop, emphasized that investing in human capital is key to unlocking the country’s potential.