World Bank, AfDB Approved $2.83bn For Nigeria in 2021

The World Bank and the African Development Bank approved a total sum of $2.83bn to Nigeria in 2021, It has been learnt.

However, the financing is not limited to the Nigerian government, as it also covers Nigerian agencies and firms.

This was according to statements by the international banks announcing the financing approvals.

The statements were obtained from the websites of the banks.

On February 5, 2021, the World Bank announced the approval of $500m for the Nigerian government to support the improvement of electricity access and services to Nigerians.

On May 25, 2021, the Washington-based Bank announced the approval of $700m credit for the Nigeria Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene Program.

The programme provides six million people with basic drinking water services, and 1.4 million people access improved sanitation services.

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