The projects, Accelerating Nutrition Results in Nigeria 2. It is expected to enhance early childhood education, primary and junior secondary schooling, as well as expand access to learning resources. The second loan project, the Accelerating Nutrition Results in Nigeria 2. This initial loan project was faced with a number of challenges, leading to some changes, including the cancellation of some amount from the total approved loan. However, the Federal Government is currently engaging the World Bank to get an extra loan for a second part of this project.
As Nigeria continues to struggle with a high rate of stunting among children, the project seeks to improve access to quality nutrition services, particularly for pregnant women, lactating mothers, adolescent girls, and children under five.
It will be implemented through primary healthcare facilities and community-based programmes. Also, it will include interventions such as nutrition-smart agriculture to bolster household food security and dietary diversity. Part of the funding will support project management, government coordination, and data-driven decision-making to enhance long-term sustainability. The World Bank has been a key development partner, funding various projects to address socioeconomic challenges in the country.
Not less than 10 loan projects have been approved by the World Bank under the current administration. This was according to data from the Central Bank of Nigeria on international payment statistics.
In a statement on Monday, the Federal Government reaffirmed its commitment to reducing reliance on external debt financing and driving economic independence through strategic partnerships with the World Bank. This is part of a broader strategy to explore alternative financing models beyond traditional multilateral loans.
