World Bank’s $180m grant to Nigeria not yet accessed

by Richard Kilner

Story link: World Bank’s $180m grant to Nigeria not yet accessed

Nigeria has not yet accessed a $180m grant established to assist in furthering the nation’s education system, according to the World Bank.

Speaking in Abuja, Mercy Agunbiade revealed that no projects had met the requirements necessary to access the grant.

Agunbiade went on to say that should the grant not be accessed, then the money would go to other nations.

One hundred proposals have been submitted, of which 18 have been given approval but have not yet been given funding.

The majority of proposals were not designed to tackle serious issues for Nigeria, such as diversifying the economy, promoting equal opportunities or alleviating poverty.

However, improvements in education could help combat all of these issues, Agunbiade said.