Plus234Feed

World Bank Approves $27M Incentives for Nigerian States

World Bank Approves $27M Incentives for Nigerian States

The World Bank-assisted HOPE Governance Programme has approved a $27 million incentive plan aimed at Nigerian states that achieve specific performance targets in education and healthcare. This disbursement is contingent upon states meeting "year zero" results linked to defined indicators.

The programme, which is part of a larger $500 million credit facility, seeks to improve financial management and human resource management in basic education and primary healthcare. States such as Bayelsa, Borno, Kano, and Kebbi are set to receive $1.5 million each for achieving certain criteria, while others like Adamawa, Delta, and Gombe will receive $500,000.

The deadline for states to adopt comprehensive guidelines for budget submissions is March 31, 2025. Challenges identified include the inability to establish institutional coordination mechanisms, which could undermine ownership and sustainability.

The interim verification agent is expected to conclude the second phase of verification by July 2026.

Plus234Feed summary based on reporting from This Day. Read the original report below.

Read full article

Continue on This Day

Visit
Share