Public Management

Nigeria: World Bank earmarks $620mln grant to boost Lagos’ school infrastructure  

Monday, 10 July 2017 13:38

In Nigeria, the World Bank has said it will support the Lagos State government with a grant of up to $620 million for school infrastructure projects and other critical areas. This is to encourage out of school children to get back to the classroom.

World Bank’s Senior Director for Education Global Practice, Jaime Saavedra Chanduvi (photo, 2nd right), revealed this during an official visit to the Lagos State Governor, Akinwunmi Ambode, last weekend. According to him, the assistance was inspired by the implementation of sustainable policies by the government, which have resulted in improved standard of education in the state.

We know Lagos state government is doing well in its technical and vocational education, but a lot still need to be done because of your large population especially on the out of schools children roaming about and hawking during school hours. It is an area in which your government and of course Federal government must pay particular attention to in the overall interest of peace and stability in your country. World Bank has set aside the sum of $620 million as grants and we will ensure that Lagos State government and other northern state governments take the advantage of this initiative to tackle this menace,” he said.

Idiat Oluranti Adebule, the deputy governor of Lagos State, while lauding the assistance revealed that the state executive council recently approved $28.9 million to develop infrastructure in government schools.

Anita Fatunji

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
DRC launches campaign to diversify investors in government securities 98% of bonds now held by banks; aim is to reduce risk and broaden...
Verdant Capital has invested $3 million in Nigerian fintech Bfree to help recover distressed loans in Africa. The deal will allow Bfree to...
Côte d’Ivoire will receive $234 million for a sustainable urban mobility project in Abidjan. Gambia will receive $32.2 million to build...
Stanbic IBTC and Zenith Bank cut monthly card spending abroad to $500 and $200 Foreign reserves fall by $3.5 billion in six...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

• Qatar Airways and Kenya Airways establish strategic agreement, introducing a third daily flight be...

Qatar Airways Expands its Network in Africa, Building Presence in Kigali, Johannesburg, and Nairobi
03

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
04

• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 m...

EY’s Exit Creates $1bn Opportunity in Francophone Africa Consulting Market
05

As cybersecurity asserts itself as a pillar of digital sovereignty in West Africa, technology-free z...

Cybersecurity Key to Côte d'Ivoire's Tech Future– VITIB's N'ZI
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.