World Bank funds Nigeria?s anti-poverty project

The World Bank is extending $25 million to support the Community Based Poverty Reduction Project in Nigeria. “The additional funding will continue to support government efforts to empower communities to become agents and beneficiaries of change to improve the lives of their citizens,” Foluso Okunmadewa, the World Bank task team leader for the project, said. In 2000, the bank agreed to provide $60 million for the initiative. The credit will be used to complete some 600 ongoing community-based poverty reduction micro-projects. (Source: World Bank lends 25 million dollars for Nigeria’s poverty reduction project/Xinhua)

About the author

Join the Discussion