• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
World Bank Offers Nigeria Fresh $1.57bn Support Fund

World Bank Offers Nigeria Fresh $1.57bn Support Fund

2 years ago
At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

2 hours ago
UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

UN Experts Urge Countries To Stop Arms Transfer To Israel

3 hours ago
EXPLAINER: Six Hard Truths From Mahama’s Blistering AFRIHeritage Awards Speech

EXPLAINER: Six Hard Truths From Mahama’s Blistering AFRIHeritage Awards Speech

3 hours ago
‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

4 hours ago
S/A: EFF Says Malema’s 5-Year Prison Sentence Attempt To Silence Opposition

S/A: EFF Says Malema’s 5-Year Prison Sentence Attempt To Silence Opposition

5 hours ago
Friday, April 17, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegalese PM Accuses Trump Of Plunging The World Into Chaos

    Kamala Harris Hints On Comeback In US 2028 Election

    Kamala Harris Hints On Comeback In US 2028 Election

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    South Africa Accepts Credentials Of Trump’s Diplomat

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

  • Economy
    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Nigeria: Ex-President Obasanjo Blames Economic Illiteracy For Africa’s Stalled Development

    Africa Must Take Control Of Its Energy Future – Obasanjo  

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Mozambique Clears IMF Loan Before Due Date

    Mozambique Clears IMF Loan Before Due Date

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegalese PM Accuses Trump Of Plunging The World Into Chaos

    Kamala Harris Hints On Comeback In US 2028 Election

    Kamala Harris Hints On Comeback In US 2028 Election

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    South Africa Accepts Credentials Of Trump’s Diplomat

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

  • Economy
    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Nigeria: Ex-President Obasanjo Blames Economic Illiteracy For Africa’s Stalled Development

    Africa Must Take Control Of Its Energy Future – Obasanjo  

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Kenya: Top Energy Officials Resign As Probe Into Alleged Fraud Commences

    Mozambique Clears IMF Loan Before Due Date

    Mozambique Clears IMF Loan Before Due Date

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

World Bank Offers Nigeria Fresh $1.57bn Support Fund

September 30, 2024
in Economy, Top Stories
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Lucy Adautin 

The World Bank has approved $1.57 billion for Nigeria to boost human capital through improved health for women, children, and adolescents, and to build climate resilience.

Relatedreading

At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

UN Experts Urge Countries To Stop Arms Transfer To Israel

The latest funding focuses on addressing governance issues that constrain the delivery of education and health (HOPE-GOV), $570m for the Primary Healthcare Provision Strengthening Program (HOPE-PHC) and $500m for the Sustainable Power and Irrigation for Nigeria Project (SPIN).

The HOPE-GOV and HOPE-PHC programs aim to enhance service delivery in Nigeria’s basic education and primary healthcare sectors, while the SPIN project focuses on improving dam safety and water resource management for hydropower and irrigation in selected areas.

The Program will increase availability and effectiveness of financing for basic education and primary healthcare service delivery, enhance transparency and accountability of financing and improve recruitment, deployment and performance management of basic education teachers and primary healthcare workers by federal, state, and local governments.

The HOPE-PHC project, part of the Health Sector Renewal Investment Initiative, aims to enhance reproductive, maternal, newborn, child, and adolescent health services, reducing maternal and under-five mortality and improving health system resilience, benefiting 40 million people, especially vulnerable populations.

The project is financed by a concessional $500m International Development Association (IDA) credit and an additional $70m in grant financing from the Global Financing Facility for Women, Children and Adolescents (GFF).

The GFF support includes $11m from the UK Foreign, Commonwealth & Development Office (FCDO) and $12.5m from the Children’s Investment Foundation Fund (CIFF) through joint financing with the GFF to help close the financing gap for primary and community healthcare and maternal newborn care at hospital-level, while also supporting government efforts to ensure sustainable financing for family planning commodities.

The SPIN Program will enhance dam safety in Nigeria to protect against floods and drought, while also providing improved irrigation and drainage services across 40,000 hectares.

This initiative will benefit up to 950,000 people, including households, farmers, and livestock breeders, by providing reliable, climate-resilient irrigation and water supply, leading to increased agricultural productivity through improved water management.

The SPIN project will also allow the government to develop a hydropower master plan and a public-private partnership for a hydropower initiative.

“Effective investment in the health and education of Nigerians today is central to increasing their future employment opportunities, productivity, and earnings, while reducing poverty of the most vulnerable. This new financing for human capital and primary healthcare will help to address the complex difficulties faced by Nigerians especially women and girls around access and quality of services, but also the governance arrangements that also explain these difficulties” said Dr. Ndiamé Diop, the World Bank Country Director for Nigeria.

“The SPIN program is timely and will protect Nigerians from floods and droughts in the areas where it will be implemented, while enabling an increase in hydropower generation. The direct positive impact of this project on people and livelihoods is enormous. The World Bank is pleased to work with the government and other stakeholders to deliver this program,” Diop added.

Tags: World Bank
ShareTweetSend
Previous Post

HT Exclusive: War-Torn Sudan Where Uncertainty Stares At 160,000 Pregnant Women

Next Post

Boxing: Joshua Incurs Ban 

Related Posts

At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

April 16, 2026
UN Votes In Support Of Reparations, Apology Over Enslavement Of Africans

UN Experts Urge Countries To Stop Arms Transfer To Israel

April 16, 2026
EXPLAINER: Six Hard Truths From Mahama’s Blistering AFRIHeritage Awards Speech

EXPLAINER: Six Hard Truths From Mahama’s Blistering AFRIHeritage Awards Speech

April 16, 2026

‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

S/A: EFF Says Malema’s 5-Year Prison Sentence Attempt To Silence Opposition

Nigeria: Court Orders Arrest Of Buhari’s Ex-Minister Over Abuse Of Office

Next Post
Boxing: Joshua Incurs Ban 

Boxing: Joshua Incurs Ban 

Please login to join discussion
  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In