The World Bank has approved a $1.57 billion loan for Nigeria. This money will support the government in improving healthcare for women, children, and adolescents. It will also help Nigeria handle climate change by making dams safer and improving irrigation.
The loan is divided into three projects. One project, worth $500 million, will address issues in education and healthcare. Another project, worth $570 million, will strengthen primary healthcare services. The third project, worth $500 million, will improve dams and irrigation systems.
These projects are expected to benefit many Nigerians by improving health, education, and water management. The World Bank has emphasized that these loans will help the country overcome challenges and build a stronger future.
Additionally, the World Bank noted that Nigeria has received several other loans to support its economy, and more loans may be approved in the coming months.