The World Bank Group has okayed a request for a loan of $500m by president Bola Tinubu led administration.
It was gathered that the loan which is the second to be accessed by the current administration is meant to support the government of Nigeria to invest in improving the livelihoods of Nigerian women.
This will help to ensure better economic opportunities for women.
The World Bank had in a statement noted that fund is provided for the Nigeria For Women Program Scale-up (NFWP-SU).
According to the statement, the NFWP-SU will help to ensure better economic opportunity for women.
The statement further explained that the move is essential for addressing gender inequality; guaranteeing better education, health and nutrition outcome for families as well as building women’s, communities’ resilience to climate change.
Similarly, the world bank also urged the Tinubu led government to address issues that inhibit women’s economic empowerment, and hinder inclusive, low-carbon and resilient economy growth.