The World Bank has disbursed a sum of $140 million (about N30 billion) to 26 states of the federation and the Federal Capital Territory (FCT) to boost community projects in Nigeria.
The project had disbursed US$ 200 million from 2009 to 2014 in the first phase of the Bank’s Community and Social Development Project (CSDP) between 2009 and 2014.
In a statement, World Bank acting Country Director, Indira Konjhodzic said “The Bank is happy to approve additional funds for this project to scale up the impact on more communities in Nigeria and, particularly, the vulnerable in the society. It is also another step towards helping those affected by conflicts, especially in the North Eastern part of Nigeria.”
World Bank Task Team Leader for the project, Mr. FolusoOkunmadewa also added that “This project will not only help vulnerable people in the short term, including those in conflict-affected areas, but will also help build and rebuild long-lasting partnership between local governments and communities. In addition, it will help integrate communities as well as make smart investments in people for the future.”