World Bank approves $500M grant for Nigeria’s post-COVID recovery

Oct. 16, 2024 - Nairametrics

The World Bank has approved a $500 million grant to support Nigeria’s recovery efforts from the economic impact of the COVID-19 pandemic. The World Bank Task Team Leader for NG-CARES, Dr.

Lire Ersado, disclosed the development during a two-day Peer Learning and Experience Sharing meeting held in Port Harcourt. “The NG-CARES programme aims to promote economic resilience and provide stimulus to communities impacted by the COVID-19 pandemic,” said Dr.

Ersado. Programme impact and achievementsThe NG-CARES programme aims to strengthen economic resilience and provide financial stimulus to communities severely impacted by the pandemic.

⦁ The sustainability of such programmes, however, remains contingent on Nigeria’s ability to institutionalise these initiatives for long-term resilience...