By Chioma Kalu
In a significant boost to Nigeria’s developmental efforts, the World Bank has approved three new financing projects totaling $1.57 billion aimed at strengthening human capital and enhancing resilience against climate change.
The World Bank made the announcement on Monday, detailing the objectives of the funds, which focus on improving healthcare and addressing climate-related challenges in the country.
In a statement, it was emphasised that the financing will support the federal government in two key areas: improving health outcomes for women, children, and adolescents, and enhancing resilience to climate effects, such as floods and drought, through improved dam safety and irrigation systems.
“The World Bank has today approved three operations for a total of $1.57 billion to support the government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.
“The new financing includes $500 million for addressing governance issues that constrain the delivery of education and health (HOPE-GOV), $570 million for the Primary Healthcare Provision Strengthening Program (HOPE-PHC) and $500 million for the Sustainable Power and Irrigation for Nigeria Project (SPIN).
“The HOPE-GOV and HOPE-PHC programs combined will support the government of Nigeria to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria’s human capital outcomes.
“The SPIN project will support improvement of dams’ safety and management of water resources for hydropower and irrigation in selected areas of Nigeria.” World Bank said.
According to the international lender, the HOPE-GOV programme will support Nigeria to address underlying governance weaknesses in the systems and procedures of government in two key human development sectors.
“It will particularly focus on critical cross-cutting challenges and enabling factors related to both financial and human resource management in basic education and primary healthcare sectors,” the World Bank said.
“The program will increase availability and effectiveness of financing for basic education and primary healthcare service delivery, enhance transparency and accountability of financing and improve recruitment, deployment and performance management of basic education teachers and primary healthcare workers by federal, state, and local governments.
“In support of the government’s newly launched reforms in the health sector, under the Health Sector Renewal Investment Initiative, the HOPE-PHC project will improve the quality and utilization of core reproductive, maternal, newborn, child, and adolescent health and nutrition services to substantially reduce maternal and under five mortality and to improve the resilience of the health system— benefiting 40 million people, especially vulnerable populations.”
Copyright © 2020 Totorinews.com All rights reserved. The information contained in Totorinews.com may not be published, broadcast, rewritten, or redistributed without giving due credit to Totorinews.com as the source.