Tinubu Launches $3.05bn World Bank Program in Nigeria

On [date not specified], President Bola Tinubu launched a $3.05 billion intervention program backed by the World Bank in Abuja. This initiative is designed to strengthen social protection, enhance human capital development, and support vulnerable communities throughout Nigeria.

The program aims to ensure that the benefits of economic reforms are directly felt by citizens, improving their livelihoods and access to essential services. During the keynote address delivered on behalf of the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, President Tinubu described the initiative as a key pillar of the Renewed Hope Agenda.

The program will expand support for smallholder farmers and micro, small, and medium enterprises, strengthen primary healthcare, improve foundational learning in public schools, and support teachers. Additionally, it aims to promote transparent governance at the ward level and provide infrastructure and essential services for internally displaced persons and host communities.