The World Bank has approved six projects worth about two-point-two billion dollars for implementation in Nigeria in the 2020 fiscal year.
The management of the bank had met to deliberate on a request from the Federal Government.
A statement issued by the World Bank early on Wednesday said the projects would support human capital and economic development in a bid to lift millions of Nigerians out of poverty.
The Breton Woods institution noted that Nigeria, with its large population and high poverty rate, was ‘central’ to its campaign against ‘extreme poverty’.
According to the statement, the facilities approved by the bank would finance projects aimed at improving immunization, creation of a stronger business environment for the private sector and expansion of the digital economy for job creation.
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