Floods: World Bank approves $500m Nigeria loan

Floods: World Bank approves $500m Nigeria loan

The World Bank has approved a $500m loan for Nigeria to tackle flooding, restore degraded land, and reduce conflicts in 19 northern states and the FCT.

World Bank approves $500m to tackle flooding, land degradation in northern Nigeria - Lagos Television

The World Bank has approved an additional $500 million in financing for Nigeria to tackle flooding, restore degraded agricultural land and reduce conflicts between farmers, herders and rural communities across the northern region. The funding, under the Agro-Climatic Resilience in Semi-Arid Landscapes (ACReSAL) Project, will cover 19 northern states and the Federal Capital Territory, with...

World Bank pumps $500m into Nigeria’s fight against floods

He added that restoring degraded landscapes and improving agricultural productivity would also help reduce tensions between farmers, herders and other rural communities competing for land and water.