National Economy
Monday, December 22, 2025
No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy
News
National Economy
No Result
View All Result
  • Home
  • News
  • Lead-In
  • Energy
  • Economy
  • Tech
  • States & Politics
  • Commentary
  • Editorial
  • Data
  • Others

World Bank Approves $300m Loan To Support Nigerian IDPs

by Michael Ijeh
August 14, 2025
in News
World bank,IDP

The World Bank has approved $300 million in financing for Nigeria to boost resilience and expand access to essential services for Internally Displaced Persons (IDPs) and host communities in the country’s conflict-affected northern states.

In a statement today, the Bank said the funding—approved on August 7, 2025, will support the Solutions for the Internally Displaced and Host Communities Project (SOLID), targeting selected local government areas worst hit by conflict-driven displacement.

The initiative is expected to reach up to 7.4 million people, including about 1.3 million IDPs, using an integrated development strategy aligned with Nigeria’s long-term growth plans.

Ongoing insecurity has displaced more than 3.5 million people in Northern Nigeria, straining local infrastructure, heightening competition for resources, and limiting economic opportunities.

Mathew Verghis, World Bank Country Director for Nigeria, said the project will “help Nigeria address development challenges associated with protracted displacement in a sustainable way,” transitioning communities from dependence on aid to self-reliance.

YOU MAY ALSO LIKE

Zamfara APC Supporters Urge EFCC to Probe Gov Dauda Over Alleged ₦16.4bn Youth Funds

Amandla, AWLN To Convene Beijing+30 Women’s Summit

The project will focus on climate-resilient infrastructure, social cohesion, livelihoods, and institutional capacity, and will be implemented through a coordinated, community-driven approach involving all tiers of government.

Nigeria’s total debt to the World Bank reached $18.23 billion by March 31, 2025, accounting for nearly 40% of the country’s external debt stock.

 

Author

  • Olushola Bello
    Olushola Bello

Tags: world bank
ShareTweetShare

OTHER GOOD READS

Zamfara APC Supporters Urge EFCC to Probe Gov Dauda Over Alleged ₦16.4bn Youth Funds
News

Zamfara APC Supporters Urge EFCC to Probe Gov Dauda Over Alleged ₦16.4bn Youth Funds

2 weeks ago
Amandla, AWLN To Convene Beijing+30 Women’s Summit
News

Amandla, AWLN To Convene Beijing+30 Women’s Summit

2 weeks ago
Zamfara PDP Mass Defections:Forum Acusses Dauda of Leadership Failure,Hails Minister Matawalle
News

Zamfara PDP Mass Defections:Forum Acusses Dauda of Leadership Failure,Hails Minister Matawalle

3 weeks ago
Next Post
OOPL Demands Apology, N3.5bn Over Invasion Of Premises

OOPL Demands Apology, N3.5bn Over Invasion Of Premises

© 2025 | National Economy Newspaper | All Rights Reserved

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Energy
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Analysis
    • Money Guide
    • Growth
    • Sport Economy

© 2025 | National Economy Newspaper | All Rights Reserved