Phillip Isakpa

Nigeria is to receive a total of $1.57 billion in new financing from the World Bank following approval from the bank’s head office in Washington, DC, in the United States of America.

A statement made available to Business a.m. by the Nigeria office of the World Bank, said the money is to support Nigeria in three areas, including “strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.”

Breaking down the amount being released to Nigeria, the World Bank stated that it includes $500 million for addressing governance issues that constrain the delivery of education and health (HOPE-GOV), $570 million for the Primary Healthcare Provision Strengthening Programme (HOPE-PHC) and $500 million for the Sustainable Power and Irrigation for Nigeria Project (SPIN).

Explaining further, the World Bank stated that the HOPE-GOV and HOPE-PHC programmes combined will support the Nigerian government to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria’s human capital outcomes. 

Also, the SPIN project will support improvement of dams’ safety and management of water resources for hydropower and irrigation in selected areas of Nigeria, the World Bank explained. 

According to the Bretton Wood institution, the HOPE-GOV programme will support Nigeria to address underlying governance weaknesses in the systems and procedures of government in two key human development sectors. It will particularly focus on critical cross-cutting challenges and enabling factors related to both financial and human resource management in basic education and primary healthcare sectors, adding that the programme will increase availability and effectiveness of financing for basic education and primary healthcare service delivery, enhance transparency and accountability of financing and improve recruitment, deployment and performance management of basic education teachers and primary healthcare workers by federal, state, and local governments. 

“In support of the government’s newly launched reforms in the health sector, under the Health Sector Renewal Investment Initiative, the HOPE-PHC project will improve the quality and utilisation of core reproductive, maternal, newborn, child, and adolescent health and nutrition services to substantially reduce maternal and under five mortality and to improve the resilience of the health system — benefiting 40 million people, especially vulnerable populations,” the World Bank further stated.

According to it, this particular project is being financed by a concessional $500 million International Development Association (IDA) credit and an additional $70 million in grant financing from the Global Financing Facility for Women, Children and Adolescents (GFF), adding that “the GFF support includes $11 million from the UK Foreign, Commonwealth & Development Office (FCDO) and $12.5 million from the Children’s Investment Foundation Fund (CIFF) through joint financing with the GFF to help close the financing gap for primary and community healthcare and maternal newborn care at hospital-level, while also supporting government efforts to ensure sustainable financing for family planning commodities,” the World Bank explained. 

It noted that the SPIN programme will help Nigeria to protect citizens from floods and drought through enhanced dam safety and operations, adding that it will further support the provision of new and improved irrigation and drainage services over an area of 40,000 hectares, which will help up to 950,000 people made up of households, farmers, and livestock breeders to directly benefit from more reliable, climate-resilient, and efficient irrigation, water supply and increased agricultural productivity through improved irrigation water management. 

“Through the SPIN project, the government will develop a master plan for hydropower and a structured public private partnership transaction for a hydropower project,” the World Bank stated. 

Commenting on the approval of the new financing round for Nigeria, Ndiamé Diop, the World Bank country director for Nigeria, said: “Effective investment in the health and education of Nigerians today is central to increasing their future employment opportunities, productivity, and earnings, while reducing poverty of the most vulnerable. This new financing for human capital and primary health care will help to address the complex difficulties faced by Nigerians especially women and girls around access and quality of services, but also the governance arrangements that also explain these difficulties.” 

Diop further noted that the SPIN programme is timely and will protect Nigerians from floods and droughts in the areas where it will be implemented, while enabling an increase in hydropower generation. 

“The direct positive impact of this project on people and livelihoods is enormous, The World Bank is pleased to work with the government and other stakeholders to deliver this programme,” he said.