Nigerian govt eyes fresh $1bn World Bank loan for IDPs

Date:

Share post:

The Nigerian Federal Government is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country.

The request is contained in a recent World Bank document titled, ‘Solutions for the Internally Displaced and Host Communities Project’ and ‘Rural Access and Agricultural Marketing Project – Scale Up.’

Accordingly, while the IDPs’ loan is put at $500m, the rural access and agricultural marketing project loan is estimated at $550m.

The fund is expected to provide help to communities in Nigeria badly affected by insecurity.

“The proposed project will utilise a three-pronged approach to develop sustainable solutions for IDPs and host communities in Northern Nigeria.

“First, the proposed project aims to provide tailored solutions for each of the targeted states and communities, recognizing that each internal displacement situation is specific and localised, with conflict, violence and/or climate challenges presenting a different level and set of vulnerabilities for host communities.

“Gender, age, and special needs of individuals also play a role, as well as the length of displacement, number of times displaced and other factors.

“Thus, responses will be adapted to address the specific needs of vulnerable populations within displacement-affected states and communities. Second, the proposed project will follow a ‘People-in-Place’ approach, integrating the needs of the people and the impacts on the place where they settle,” the document stated.

According to a review by a World Bank team, Northern Nigeria, especially Borno, Adamawa and Yobe, has experienced the highest numbers of internally displaced persons.

This is primarily due to the ongoing conflict involving Boko Haram, as well as other factors such as banditry and conflicts between farmers and herders, leading to the displacement of over 3.5 million people.

Since 2009, Boko Haram has continued to carry out heinous crimes on Nigerians.

Banditry has been described as a variant of Boko Haram.

Recently, bandits attacked Kaduna Community abducting over 200 schoolchildren and members of staff.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

“I Will Not Step Down” — Mu’azu Jaji Sambo Declares for Taraba Governor

Former Minister of Transportation, Mu’azu Jaji Sambo, has formally declared his intention to contest the governorship of Taraba...

Rivers Governor Fubara Withdraws from APC Governorship Primaries

Siminalayi Fubara has withdrawn from the governorship primaries of the All Progressives Congress (APC), scheduled to hold on...

Pantami Rejects APC Primary Process, Announces Withdrawal

Former Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami, has withdrawn from the All Progressives...

Zulum Visits Uba, Chibok Communities After Abductions and Attacks

Borno State Governor, Professor Babagana Umara Zulum, has visited Uba town to sympathise with families of schoolchildren abducted...