Tinubu’s government receives fresh N535.6bn ($700m) loan from World Bank

The Federal Government under President Bola Ahmed Tinubu has secured the approval of a fresh N535.6 billion ($700m) loan from the World Bank.

This was disclosed in a statement published on the World Bank’s website on Friday, September 22, 2023.

The new loan is to provide additional funds for an ongoing project known as the Adolescent Girls Initiative for Learning and Empowerment.


The statement read, “The World Bank approved additional financing of $700m for Nigeria to scale up the Adolescent Girls Initiative for Learning and Empowerment programme whose goal is to improve secondary education opportunities among girls in targeted states.

“The additional financing will scale up project activities from the current seven states to eleven additional states and increase the targeted beneficiaries to include out-of-school girls, those who are married, and those who have disabilities.”

It was noted that Nigeria had over 12 million to 15 million out of school children in the school- age group, with many of them in Northern Nigeria.

It was also noted that an estimated one million children were affected by increased insecurity around schools in 2020-2021.

The statement added, “In the seven AGILE programme implementing states – Borno, Ekiti, Kaduna, Kano, Katsina, Kebbi, and Plateau – the number of girls in secondary schools has increased from about 900,000 to over 1.6 million.

“Under the programme, over 5,000 classrooms have been renovated and over 250,000 eligible girls have received scholarships.

“The AGILE programme has supported construction and rehabilitation of WASH facilities in secondary schools and the installation of computers and solar panels which make attending school more convenient and conducive for both girls and boys. Life skills, systems strengthening, and advocacy are other key aspects of the program which address social norms impeding girls’ education.”

The World Bank Country Director for Nigeria, Shubham Chaudhuri, stated that, “Closing the gender gaps in economic empowerment by ensuring girls have access to education and skills is key for Nigeria’s development and economic prosperity.

“Nigeria’s working population will soon be one of the youngest and largest around the world, which means that investing in adolescent girls is imperative when addressing overall economic prospects and growth.”

The statement noted that aside from the girls that would benefit from the financing, others included over 15 million students and beneficiaries, such as teachers, administrators, families, communities, and staff in existing and newly constructed schools.

It added that the new fund would push the project to 18 states and help Nigeria achieve better education and health outcomes for girls.

The parents and caregivers of about 300,000 poor female students got N10,000 per term in six states as incentives for schooling.

The six states were Kaduna, Kano, Katsina, Sokoto, Kebbi and Plateau, and the funding was provided through the Adolescent Girls Initiative for Learning and Empowerment Programme.

The World Bank noted that the N10,000 per term was provided to the parents of poor female students for school attendance and re-enrollment.

It was also disclosed that N5,000 was given to each girl’s parent upon registration in the program.

It was also observed that this was the third loan facility approved under the administration of Bola Tinubu.

The first was approved on June 9, 2023, with a loan of $750m to boost Nigeria’s power sector.

The second was a loan of $500m to help Nigeria drive women’s empowerment, and was approved on June 22, 2023.

Source: https:///tinubus-government-receives-fresh-n535-6bn-700m-loan-from-world-bank/

This mysterious man keeps looting everything on sight. His only mission is to answer Mister president and loot our common patrimony. What has Tinubu gotten right since he rigged himself to power? People should always beware of desperate souls.

How many did buhari receive including abacha loot, and how did that change the economy he killed.

Propaganda won't run govt, tinubu should stop all these speeches and intended thin air promises

His foolish supporters the other day said tinubu is running govt without borrowing a Kobo

Dem go soon cum here to hype loan, the first black president to get loan.

As if anything have ever cum out of apc loan

NzogbuNzogbu:
His foolish supporters the other day said tinubu is running govt without borrowing a Kobo

Dem go soon cum here to hype loan, the first black president to get loan.

As if anything have ever cum out of apc loan

Don't underestimate the power of stupid people in large numbers. Majority of his supporters are thugs and lowlifes.

I'm expecting Those shameless supporters of his to come in here and justify this borrowing.
I thought they said since Subsidy has been removed, there would be no more borrowing.
I keep telling these people, forget all these noice, Tinubu can never get anything right in Nigeria as a president. He doesn't have the potentials. He rules by propaganda

NzogbuNzogbu:
His foolish supporters the other day said tinubu is running govt without borrowing a Kobo

Is it even possible for Nigeria not to borrow money?

Btw... You didn’t read the post..


The six states were Kaduna, Kano, Katsina, Sokoto, Kebbi and Plateau, and the funding was provided through the Adolescent Girls Initiative for Learning and Empowerment Programme.

The World Bank noted that the N10,000 per term was provided to the parents of poor female students for school attendance and re-enrollment.

Can the World Bank go ahead to directly utilise these funds for any humanitarian projects or endeavours and bypass all the corruption caste of wicked and evil people Nigeria have as leaders today?

The six states were Kaduna, Kano, Katsina, Sokoto, Kebbi and Plateau, and the funding was provided through the Adolescent Girls Initiative for Learning and Empowerment Programme.

The World Bank noted that the N10,000 per term was provided to the parents of poor female students for school attendance and re-enrollment.

-The trader monies was a monumental fraud.
-N Power programme was a monumental fraud.
-The government is still struggling to retrieve the monies disbursed via the anchor-borrowers programme.

-Feed out of school children during COVID-19 crisis became a monumental scamdemic in Nigeria.
-5k Social welfarist peanut handout to the so called vulnerable aged Nigerians was a monumental cesspool of corruption under Hajia Sadiya Sadiq.

-No reliable social register data base, no probity and accountability by official of the ministry of Humanitarian Disaster? Who is fooling who in this hellhole of corruption?

I will continue where Buhari stopped
Make una see am here o

A whopping 500Billion tan for Adolescent Girls Initiative for Learning and Empowerment kinikan kinikan. Chai. Another food for the boys