World Bank Boosts Nigeria Power, Human Development Sectors

Nigeria secured

in financing from the World Bank to improve its power and gas sectors. The funding includes $200 million for network investments and technical assistance to boost electricity supply, and another $400 million for domestic gas market development. The Washington-based lender approved three more development projects for Nigeria worth a total of $420 million. Of the sum, $225 million will be spent to combat HIV/AIDS, $95 million to improve secondary education and $100 million to prevent malaria. The supplementary funding for

will help support net distribution, malaria treatment, diagnostics, awareness-raising, behavior change communication, and engagement of grassroots organizations. Meanwhile, the

will enhance public junior and senior secondary education in 637 schools around Lagos.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.