World Bank Gives Nigeria $200m Grant To Generate Employment

The World Bank has given Nigeria a grant of $200 million for employment generation. According to Gombe State Governor, Mr. Ibrahim Dankwambo, “The grant was meant to support current schemes to boost the employment generation among young people.” “The grant is also meant to uplift the quality of education and boost food production in Nigeria, adding that state governments were being encouraged to collaborate with the federal ministry of finance on how to access the facility.” He also said, “Another N200 billion had been set aside by the Central Bank of Nigeria (CBN) to be accessed by states in support of Micro Finance Banks in the Local Government Areas.”