W/Bank offers FG N27.58bn for community projects

The World Bank says it would soon start the disbursement of $140m (N27.58bn) under its assisted Community and Social Development Project to 26 states and the Federal Capital Territory.

The bank, in a statement issued in Abuja , said about $200m (N39.4bn) had been disbursed under the first phase of the project, thus bringing the total amount provided under the programme to $340m (N66.98bn)

It said states that would benefit from the additional financing would focus on the most vulnerable households in poor communities in the country.

Anambra, Kaduna and Sokoto states, it added, are also set to participate in the additional financing.

The statement said the additional financing was expected to fund micro-project facilities such as rehabilitation and construction of school class rooms, health centres and clinics and skills acquisition.

Others are rural electrification, rural transport, community water schemes, community housing schemes and rural market infrastructure.