In an effort to cushion the impact of the fuel subsidy removal, the World Bank has escalated its financial support to Nigeria, increasing its disbursement from $300 million to $315 million. The funds, part of an $800 million allocation for the National Social Safety-Net Program Scale Up (NSSP-SU), have been specifically directed to alleviate the economic strains faced by the most vulnerable sectors of society. This development was disclosed in the Implementation Status & Results Report for the project, which highlighted that while $315 million has been disbursed, a remaining…
Read MorePalliative: World Bank Ups Loans For Nigeria to $315 Million
