Lagos, World Bank, FCMB Launch $500M Education Initiative

The Lagos State Government, in partnership with the World Bank and First City Monument Bank (FCMB), is launching a $500 million initiative designed to strengthen the systems behind basic education and primary healthcare in Nigeria. This program aims to enhance human capital opportunities and promote equity in public service delivery.

Governor Babajide Sanwo-Olu highlighted early gains in improving education and healthcare delivery, driven by a shift towards input-based spending and performance-led outcomes. The initiative will operate across all 36 states and the Federal Capital Territory, focusing on improving resource management and measuring outcomes.

Akin Onimol, Senior Procurement Specialist at the World Bank, emphasized that the program addresses long-standing structural gaps in service delivery. Yemisi Edun, Managing Director and Chief Executive Officer of FCMB, noted the importance of opening opportunities for children and communities to support education and primary healthcare, ensuring that public resources are managed transparently.