The Federal Government is set to receive a $1.5 billion loan from the World Bank, expected to be approved on September 26, 2024. The loan will fund three major development projects in healthcare, governance, and infrastructure to boost Nigeria’s economic stability and growth.
The projects include $500 million for strengthening primary healthcare, $500 million for the Human Capital Opportunities for Prosperity and Equity (HOPE) Governance project, and $500 million for sustainable power and irrigation, contributing to Nigeria’s resource mobilisation and development efforts.