THE World Bank has announced that it has allocated $100m for women empowerment programmes in six states in Nigeria.
A Social Development Specialist with the World Bank, Michael Ilesannmi, disclosed this on Thursday, during Nigeria For Women project in Abeokuta, the Ogun State capital.
Ilesanmi, who is also the Task Leader for NFW project, listed the states as Ogun, Abia, Akwa-Ibom, Kebbi, Taraba, and Niger.
According to him, the project is a Nigerian government programme, designed to empower women to become economically independent. The World Bank supports the programme.
Ilesannmi said, “This project, the Nigeria For Women project is a programme of the government of Nigeria with support from the World Bank.
“The first phase of the Nigeria For Women project is a $100m fully funded by the World Bank, being implemented by the government for six states in the country; Ogun, Abia, Akwa-Ibon, Kebbi, Taraba, and Niger states.
Lagos State MSME Recovery Fund
Amount: ₦1,000,000 per Individual
CBN Covid-19 Loan
Amount: ₦1,000,000 to ₦25,000,000 per Individual
Nigeria Youth Investment Fund
Amount: ₦250,000 to ₦500,000 per Individual
“It is based on government priority to invest on women given that investing in women is smart economics.
“Improving the livelihood of the women and trying to invest in and change the discriminating social norms that prevent women from achieving their full potentials.”
In his speech, the Country Director, World Bank, Shubaham Chaudhuri, said the project was targeted at improving the infrastructure and economic development of Nigeria.
He said, “The World Bank is in partnership with Nigeria and the Ogun State Government to support them to empower women and grow the country’s economy.
“A programme like this helps in primary and family healthcare, making sure that every child and family gets healthcare services. It helps children to stay in school, the 15 million children that should be in school; farmers have access to markets, and every Nigerian has access to electricity.
“So, across the board, there are so many potentials in Nigeria and there is a certain investment the government needs to make in the people, in the infrastructure and that is what we are here to make.”