The World Bank has approved financing for Nigeria to further support secondary education programs in Lagos State through its International Development Association (IDA).
The new IDA credit of over 42 million dollars is an addition to an original credit of 95 million
dollars which covered 620,000 students in Lagos State, between 2009 and 2013.
The bank said that this has also
helped to increase the number of poor children accessing quality secondary
education, and helping technical college graduates from low-income backgrounds
to find jobs.
According to the World Bank Country
Director for Nigeria, Marie Francoise Marie-Nelly, this move would go a long
way in eliminating extreme poverty and boosting shared prosperity, in
furtherance of the World Bank’s goals.
The International Development
Association (IDA) is an international financial institution which offers
concessional loans and grants to the world’s poorest developing countries. The
IDA is a member of the World Bank Group and is headquartered in Washington,
D.C., United States.
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