Latest News in Nigeria
Nigerian govt eyes fresh $1bn World Bank loan for IDPs
The Nigerian Federal Government is in talks with the World
Bank to complete the processes of obtaining over $1 billion loans to address
the challenges facing Internally Displaced Persons and their host communities,
as well as bolster rural access and agricultural marketing in the country.
The request is contained in a recent World Bank document
titled, ‘Solutions for the Internally Displaced and Host Communities Project’
and ‘Rural Access and Agricultural Marketing Project – Scale Up.’
Accordingly, while the IDPs’ loan is put at $500m, the rural
access and agricultural marketing project loan is estimated at $550m.
The fund is expected to provide help to communities in
Nigeria badly affected by insecurity.