The World Bank yesterday said it was ready to commence disbursement of an additional sum of $140 million (about N30 billion) to 26 states of the federation and the Federal Capital Territory (FCT) to boost community projects in Nigeria. Already, the sum of $200 million had been disbursed in the first phase of the project.
The project had disbursed US$ 200 million from 2009 to 2014 in the first phase of the Bank’s Community and Social Development Project (CSDP) between 2009 and 2014.
States benefiting the additional financing would need to focus on the most vulnerable households in poor communities in their region.
Other states including Anambra, Kaduna and Sokoto were said to have finalised their resolve to participate in the new financing.
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