The sports category has moved to a new website.
ADVERTISEMENT

Nigeria to get $961M loan for education and economic recovery plan

The programme aims to bring out-of-school children into the classroom, improve literacy, and strengthen accountability for results in basic education.

___6879548___https:______static.pulse.com.gh___webservice___escenic___binary___6879548___2017___6___22___8___Copy+of+SPORTS

In a statement by the Senior Communications Officer at the World Bank office in Nigeria, Olufunke Olufon, the fund has been planned for two programme-for-results operations.

While one is the Better Education Service Delivery for All, which will receive $611m, the other programme will be the Kaduna State Economic Transformation Programme for Results, which will receive $350m credit.

On the educational programme, Olufon explained that the programme aims to bring out-of-school children into the classroom, improve literacy, and strengthen accountability for results in basic education.

ADVERTISEMENT

It was gathered that in 2013, 13.2 million school-age children were out of school, the overwhelming majority of who were in the North where out-of-school children rates were also higher among girls, in rural areas and form poor families, the bank said.

For the Kaduna State Economic Transformation Programme for Results, the World Bank says it will focus on enhancing private sector investment in Kaduna State through improved business environment, effective budget planning and execution, and fiscal accountability.

According to the bank, Kaduna State has taken a number of reform actions to improve its economic performance and social outcomes, and sustain the efforts.

Rachid Benmessaoud, the World Bank Country Director for Nigeria, said: “Investing in human capital and creating economic opportunities for all are key areas of focus to achieve more inclusive and private-sector led growth.

ADVERTISEMENT

“These two operations support the government’s economic and growth recovery plan and will help Nigeria achieve sustainable and measurable results.”

The bank added that both operations implemented results-based financing, whereby disbursement of funds was linked to the achievement of tangible and verifiable results.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Gov Nwifuru threatens to arrest aides if there's security breach in Ebonyi

Gov Nwifuru threatens to arrest aides if there's security breach in Ebonyi

Tinubu promises to keep his door open to Nigerians with useful ideas

Tinubu promises to keep his door open to Nigerians with useful ideas

Tinubu will address Nigerians in 7 am Democracy Day broadcast  on Monday

Tinubu will address Nigerians in 7 am Democracy Day broadcast on Monday

Expert says Tinubu can suspend Emefiele as CBN governor but can't sack him

Expert says Tinubu can suspend Emefiele as CBN governor but can't sack him

Tinubu signs electricity bill into law

Tinubu signs electricity bill into law

BREAKING: President Tinubu has suspended Emefiele

BREAKING: President Tinubu has suspended Emefiele

Ganduje thinks he could have slapped Kwankwaso if he had met him at Aso Rock

Ganduje thinks he could have slapped Kwankwaso if he had met him at Aso Rock

President Tinubu meets Kwankwaso at Aso Villa

President Tinubu meets Kwankwaso at Aso Villa

Clark wants Christian southerner to emerge as Senate President

Clark wants Christian southerner to emerge as Senate President

Pulse Sports

'There are people in Barcelona who don't want me to return' — Messi

EXCLUSIVE: ‘It is only Paul Onuachu’ — Frank Onyeka reveals his Super Eagles friend

Explained: How much will Lionel Messi earn at Inter Miami in USA?

Ese Brume soars to her best mark this season at ORLEN's Cup

Romelu Lukaku gives advice on how to stop racism in football

Victor Osimhen’s unprecedented Capocannoniere

ADVERTISEMENT
ADVERTISEMENT