Flood Crisis: World Bank Approves $500m Loan For 19 Northern States, FCT
By BENJAMIN OMOIKE
NIGERIA: The World Bank has approved $500 million in additional financing for Nigeria to tackle flooding, restore degraded agricultural land and reduce conflicts between farmers and herders.
The financing, under the Agro-Climatic Resilience in Semi-Arid Landscapes Project, will cover 19 northern states and the Federal Capital Territory.
According to the World Bank statement reported by PUNCH, the intervention targets the restoration of 1.4 million hectares of land and is expected to benefit approximately 6.6 million people by 2031.
The programme will also support watershed rehabilitation, erosion control and improved management of natural resources.
The financing presents an opportunity to address the connection between environmental degradation, declining agricultural productivity, rural poverty and farmer-herder conflicts. Its real value will depend on implementation and measurable results.
