RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

World Bank Approves $700 Million Loan to Empower Adolescent Girls in Nigeria

Stephen Akudike by Stephen Akudike
September 24, 2023
in Economy
Reading Time: 2 mins read
A A
0
World Bank Approves $700 Million Loan to Empower Adolescent Girls in Nigeria

World Bank on glass building. Mirrored sky and city modern facade. Global capital, business, finance, economy, banking and money concept 3D rendering animation.

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The World Bank has approved a new $700 million loan to promote education and empowerment among adolescent girls in Nigeria. This financial support aims to further the ongoing Adolescent Girls Initiative for Learning and Empowerment program, as detailed in a statement released on the World Bank’s official website.

The Adolescent Girls Initiative for Learning and Empowerment program aims to enhance secondary education opportunities for girls in select states across Nigeria. This latest infusion of funds will not only expand the initiative’s reach but also broaden its focus. The program will now operate in a total of 18 states, with an increased emphasis on out-of-school girls, those in marital unions, and individuals with disabilities.

AlsoRead

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

FG Dismisses Plans for New Taxes on Fuel and Telecoms

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

Nigeria faces a significant educational challenge, with an estimated 12 to 15 million children of school age out of school, particularly concentrated in the northern regions. Moreover, heightened insecurity in recent years has adversely affected schooling, impacting approximately one million children in 2020-2021. Against this backdrop, the Adolescent Girls Initiative has made remarkable strides.

In the seven states where the AGILE program is currently active – Borno, Ekiti, Kaduna, Kano, Katsina, Kebbi, and Plateau – the number of girls attending secondary school has surged from approximately 900,000 to over 1.6 million. This success can be attributed to various facets of the program, including the renovation of over 5,000 classrooms and the provision of scholarships to more than 250,000 eligible girls.

Furthermore, the AGILE program has facilitated the refurbishment of water, sanitation, and hygiene (WASH) facilities in secondary schools, along with the installation of computers and solar panels. These infrastructural improvements have made attending school more convenient and conducive for both genders. Additionally, the program encompasses life skills development, systems strengthening, and advocacy efforts aimed at addressing societal norms that hinder girls’ education.

Shubham Chaudhuri, the World Bank Country Director for Nigeria, emphasized the significance of closing gender gaps in economic empowerment by ensuring girls’ access to education and skills. He noted that investing in adolescent girls is vital for Nigeria’s development and economic prosperity, especially considering the country’s youthful and burgeoning workforce.

The benefits of this financing extend beyond the girls directly targeted by the program. Over 15 million students, as well as educators, administrators, families, communities, and staff in newly constructed schools, will also reap rewards. With this infusion of funds, the project is set to expand to 18 states, further contributing to improved education and health outcomes for girls across Nigeria.

Notably, this initiative complements previous efforts aimed at incentivizing female education. The parents and caregivers of approximately 300,000 economically disadvantaged female students in six states – Kaduna, Kano, Katsina, Sokoto, Kebbi, and Plateau – received N10,000 per term as incentives for schooling. Furthermore, N5,000 was granted to each girl’s parent upon program registration.

This latest loan approval from the World Bank underscores the commitment of both national and international stakeholders to uplift and empower adolescent girls in Nigeria. As the country prepares to harness the potential of one of the world’s youngest and largest working populations, these investments in education and skills development for girls will undoubtedly play a pivotal role in shaping Nigeria’s future and fostering economic growth.

Previous Post

Bank of Japan Maintains Ultra-Loose Monetary Policy Amid High Uncertainty

Next Post

India’s Government Considers Selling More Wheat to Stabilize Grain Prices

Related News

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

by Victoria Attah
June 18, 2026
0

The Federation Account Allocation Committee (FAAC) has distributed N2.3 trillion from May 2026 revenue to the Federal Government, states, and...

2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

by Victoria Attah
June 18, 2026
0

The Federal Government has strongly refuted reports claiming it intends to introduce new taxes on petroleum products and telecommunications services,...

CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

by Jide Omodele
June 18, 2026
0

Nigeria posted a significantly stronger external position in the first quarter of 2026, with the current account recording a surplus...

IMF Warns Rising Stablecoin Use Could Weaken Naira Demand and Monetary Policy

by Bolarinwa Mathew
June 16, 2026
0

The International Monetary Fund (IMF) has raised concerns over the rapid adoption of U.S. dollar-denominated stablecoins in Nigeria, warning that...

Next Post
 Global Rice Prices Reach 15-Year High Amid India’s Export Ban

India's Government Considers Selling More Wheat to Stabilize Grain Prices

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

June 18, 2026
2024 Budget Outline: Oil Price Set at $77.96, Naira Stands at 750 Against the Dollar

FG Dismisses Plans for New Taxes on Fuel and Telecoms

June 18, 2026

Popular Story

  • FG Records N13.33bn Revenue Shortfall from Gas Flaring Penalties

    FG, States and LGs Share N2.3 Trillion from May 2026 Revenue

    0 shares
    Share 0 Tweet 0
  • Naira Weakens to N1,361.5/$ as FX Market Turnover Drops Sharply

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Current Account Surplus Jumps 256% to $4.98 Billion in Q1 2026

    0 shares
    Share 0 Tweet 0
  • FG Dismisses Plans for New Taxes on Fuel and Telecoms

    0 shares
    Share 0 Tweet 0
  • Dangote Refinery Lowers Petrol Price to N1,252 per Litre in Response to Depot Competition

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>