A $500m loan requested by the Federal Government has been approved by the World Bank.
The loan was requested to drive women’s empowerment in the country.
In a statement released, the World bank stated that it gave approval for the loan to scale up financing for Nigeria Women Programme, which was initially approved on June 27, 2018, with $100m financing.
The statement in part reads;
“The World Bank has approved $500m for Nigeria for Women Program Scale Up (NFWP-SU). The scale-up financing will further support the government of Nigeria to invest in improving the livelihoods of women in Nigeria. The NFWP-SU will help to ensure better economic opportunities for women, which is essential for addressing gender inequality; guaranteeing better education, health, and nutrition outcomes for families; and building women’s and communities’ resilience to climate change.”
This will be the second loan being approved by the World bank in the Tinubu administration.
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