Nigeria will receive a $500 million loan from the World Bank Group to promote women's empowerment.
Under Bola Tinubu, the new president, the World Bank approved this loan for the second time.
It is a scale-up supporting for Nigeria for Ladies Program, which was at first endorsed on June 27, 2018, with $100m funding.
A portion of a World Bank statement is read;
“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.”
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