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World bank stated that it gave approval for the loan to scale up financing for Nigeria Women Programme.
 A loan of $500m has been approved by the World Bank for Nigeria.
This comes after the Federal Government had requested the loan to help Nigeria drive women’s empowerment.
In a statement released, the World bank stated that it gave
approval for the loan to scale up financing for Nigeria Women Programme,
which was initially approved on June 27, 2018, with $100m financing.
The statement in part reads;
“The World Bank has approved $500m for Nigeria for Women
Program Scale Up (NFWP-SU). The scale-up financing will further support
the government of Nigeria to invest in improving the livelihoods of
women in Nigeria. The NFWP-SU will help to ensure better economic
opportunities for women, which is essential for addressing gender
inequality; guaranteeing better education, health, and nutrition
outcomes for families; and building women’s and communities’ resilience
to climate change.”
This will be the second loan being approved by the World bank in the Tinubu administration.
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