The World Bank has announced the provision of N31.2 billion ($82 million) to assist in Nigeria’s ongoing fight against the COVID-19 pandemic.
Announcing the support in a statement, the bank said it is moving quickly to provide fast and flexible support to help Nigeria and other African countries in mitigating the impact of the COVID-19 pandemic by providing direct and long-term financial support over the next 15 months. The PUNCH reports
It said: “In Nigeria, the World Bank has already made $82 million available for immediate support in strengthening the public health response through the Regional Disease Surveillance Systems Enhancement Project, REDISSE.
“In addition, the World Bank has been asked to provide a multi-pronged package of support over the next six months to strengthen the country’s preparedness for the immediate health crisis and provide the Federal Government with budget support for a pro-poor stimulus package and the long-term recovery.
“Efforts to protect livelihoods and support local economic activity over the next 18-24 months will be critical in mitigating the economic and human impact of the COVID-19 pandemic.
Together with partners, the World Bank is discussing with the states and relevant federal agencies on how best to protect livelihoods of poor and vulnerable families, and support Micro, Small and Medium Enterprises, MSME, to enable recovery.”