World Bank Approves ₦673bn Loan For Nigeria to Tackle Flooding, Farmer-Herder Clashes in Northern Nigeria

World Bank Approves ₦673bn Loan For Nigeria to Tackle Flooding, Farmer-Herder Clashes in Northern Nigeria

The World Bank has approved $500 million (about ₦673 billion) to tackle flooding and other challenges in northern Nigeria.

The money will also be used to restore damaged farmlands and improve agricultural activities.

The project aims to reduce clashes between farmers, herders and rural communities.

It is expected to strengthen farming and improve the lives of people in affected communities

The $500 million (about ₦673 billion) is additional financing for Nigeria’s ACReSAL project through the World Bank’s International Development Association (IDA).

Nigeria is the borrower, so the money is repayable under the IDA credit terms