{"id":16104,"date":"2020-05-28T09:05:51","date_gmt":"2020-05-28T09:05:51","guid":{"rendered":"http:\/\/watchdogplusmedia.com\/?p=16104"},"modified":"2020-05-28T09:05:56","modified_gmt":"2020-05-28T09:05:56","slug":"world-bank-approves-346m-for-projects-in-nigeria-others","status":"publish","type":"post","link":"https:\/\/watchdogplusmedia.com\/?p=16104","title":{"rendered":"World Bank approves $346m for projects in Nigeria, others"},"content":{"rendered":"\n
\"Six<\/figure>\n\n\n\n

The World Bank<\/a> has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria, Cameroon, Niger and Chad.<\/p>\n\n\n\n

According to a statement from the World Bank, the projects to be financed through the International Development Association, will be shared between the four countries.<\/p>\n\n\n\n

According to reports, the Multi-Sectoral Crisis Recovery Project for North Eastern Nigeria, Additional Financing \u2013 for which the bank allocated $176m \u2013 will help the Federal Government to improve access to basic services and livelihood opportunities for crisis-affected communities in Adamawa, Borno and Yobe states.<\/p>\n\n\n\n

It is also expected that the project will enhance coordination among the states and other Lake Chad countries.<\/p>\n\n\n\n

The project is an expansion on the ongoing $200m MCRP project, putting increased emphasis on support for agricultural livelihoods and investments.<\/p>\n\n\n\n

The MCRP Additional Finance will equally provide support for labor-intensive approaches and works programs, promote rural and regional connectivity, rehabilitate market infrastructure, and prioritise climate change adaptation and mitigation.<\/p>\n\n\n\n

The project, according to the World Bank, will also expand its education and health activities by providing grants to school committees and incentives to returning teachers.<\/p>\n\n\n\n

The bank further said that the Lake Chad region suffers from poor development and economic indicators compared to the averages in other areas in the four countries.<\/p>\n\n\n\n

According to the World Bank Director of Regional Integration for Africa, Deborah Wetzel, the Lake Chad region remains a priority area of engagement as a result of the common nature of the challenges faced by the sub-region and the huge potential for regional cooperation.<\/p>\n\n\n\n

\u201cThe framework being created by both PROLAC and the MCRP AF will lay the foundation for future regional and coordinated investments that will improve access to regional markets, promote value-chains development and revive cross-border and regional trade,\u201d she said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria, Cameroon, Niger and Chad. According to a statement from the World Bank, the projects to be financed through the International Development Association, will be shared between the four countries. According to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[21],"tags":[],"yoast_head":"\nWorld Bank approves $346m for projects in Nigeria, others » WatchDog Plus Media<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/watchdogplusmedia.com\/?p=16104\" \/>\n<meta name=\"author\" content=\"Odofin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/watchdogplusmedia.com\/?p=16104#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/watchdogplusmedia.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economy\",\"item\":\"https:\/\/watchdogplusmedia.com\/?cat=21\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"World Bank approves $346m for projects in Nigeria, others\"}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"World Bank approves $346m for projects in Nigeria, others » WatchDog Plus Media","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/watchdogplusmedia.com\/?p=16104","author":"Odofin","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BreadcrumbList","@id":"https:\/\/watchdogplusmedia.com\/?p=16104#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/watchdogplusmedia.com\/"},{"@type":"ListItem","position":2,"name":"Economy","item":"https:\/\/watchdogplusmedia.com\/?cat=21"},{"@type":"ListItem","position":3,"name":"World Bank approves $346m for projects in Nigeria, others"}]}]}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"Odofin","author_link":"https:\/\/watchdogplusmedia.com\/?author=2"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/watchdogplusmedia.com\/?cat=21\" rel=\"category\">Economy<\/a>","rttpg_excerpt":"The World Bank has announced the approval of $346m for two projects targeted at strengthening resilience and livelihoods in the Lake Chad region, comprising of Nigeria, Cameroon, Niger and Chad. According to a statement from the World Bank, the projects to be financed through the International Development Association, will be shared between the four countries. According to…","_links":{"self":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/16104"}],"collection":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16104"}],"version-history":[{"count":-4,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=\/wp\/v2\/posts\/16104\/revisions"}],"wp:attachment":[{"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/watchdogplusmedia.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}