The World Bank on Wednesday said it would soon start the disbursement
of $140m (N27.58bn) under its assisted Community and Social Development
Project to 26 states and the Federal Capital Territory.
The bank in a statement issued in Abuja and made available to our correspondent, said about $200m (N39.4bn) had been disbursed under the first phase of the project, thus bringing the total amount provided under the program to $340m (N66.98bn)
It said states that would benefit from the additional financing will focus on the most vulnerable households in poor communities in the country.
Anambra, Kaduna and Sokoto States, it added are also set to participate in the additional financing.
The statement said the additional financing is expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centers and clinics, and skills acquisition.
Others are rural electrification, rural transport, community water schemes, community housing schemes, and rural market infrastructure.
It said vulnerable groups will also benefit from special grants in the projects.
Such groups include internally displaced poor persons, marginalised or chronically poor households, widows and the physically challenged.
The statement also quoted the World Bank Task Team Leader for the project, Foluso Okunmadewa, to have said, “This project will not only help vulnerable people in the short term, including those in conflict-affected areas, but will also help build and rebuild long-lasting partnership between local governments and communities. In addition, it will help integrate communities as well as make smart investments in people for the future.”
The first phase of the World Bank funding of the Community Social Development Project which benefited over 5,600 communities and about 2 million people in 26 states of the federation was fully disbursed by December 2014.
“The Bank is happy to approve additional funds for this project to scale up the impact on more communities in Nigeria and particularly, the vulnerable in the society.
“It is also another step towards helping those affected by conflicts, especially in the North-Eastern part of Nigeria,” the statement added.
The new phase of the Community and Social Development Project according to the statement will end on December 31, 2017.
The bank in a statement issued in Abuja and made available to our correspondent, said about $200m (N39.4bn) had been disbursed under the first phase of the project, thus bringing the total amount provided under the program to $340m (N66.98bn)
It said states that would benefit from the additional financing will focus on the most vulnerable households in poor communities in the country.
Anambra, Kaduna and Sokoto States, it added are also set to participate in the additional financing.
The statement said the additional financing is expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centers and clinics, and skills acquisition.
Others are rural electrification, rural transport, community water schemes, community housing schemes, and rural market infrastructure.
It said vulnerable groups will also benefit from special grants in the projects.
Such groups include internally displaced poor persons, marginalised or chronically poor households, widows and the physically challenged.
The statement also quoted the World Bank Task Team Leader for the project, Foluso Okunmadewa, to have said, “This project will not only help vulnerable people in the short term, including those in conflict-affected areas, but will also help build and rebuild long-lasting partnership between local governments and communities. In addition, it will help integrate communities as well as make smart investments in people for the future.”
The first phase of the World Bank funding of the Community Social Development Project which benefited over 5,600 communities and about 2 million people in 26 states of the federation was fully disbursed by December 2014.
“The Bank is happy to approve additional funds for this project to scale up the impact on more communities in Nigeria and particularly, the vulnerable in the society.
“It is also another step towards helping those affected by conflicts, especially in the North-Eastern part of Nigeria,” the statement added.
The new phase of the Community and Social Development Project according to the statement will end on December 31, 2017.
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