The World Bank has approved a $500 million loan for Nigeria to enhance its water resource management systems, focusing on hydropower generation and irrigation development.
This initiative aims to improve access to sustainable water infrastructure, address agricultural challenges, and support clean energy production. The funding is expected to contribute significantly to Nigeria’s economic growth by optimizing its water resources for multiple uses, including irrigation for farmers and hydroelectric power generation for national energy needs.
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The approval aligns with ongoing efforts to bolster climate resilience and improve livelihoods across the country.
