• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Nigeria, Niger, Chad and Cameroun to benefit from World Bank’s $346 Million Funding

MSME Africa by MSME Africa
May 28, 2020
in Africa, News, World
0
Share

Funding to the tune of $346 million has been approved by the World Bank Group through the International Development Association (IDA) to help improve livelihoods in the Lake Chad region. The approval which was announced in a statement issue by the Breton Woods Association is for two key projects in the Lake Chad region for the purposes of strengthening resilience and livelihoods and will be shared between Nigeria, Cameroon, Chad, and Niger. The Lake Chad region has suffered poor development and economic indicators compared to the averages in the four countries.

“The first project, the Lake Chad Region Recovery and Development Project (PROLAC, $170 million), will support national and regional coordination platforms and local capacity building,” the bank disclosed.

“It will contribute to restoring sustainable rural mobility, connectivity and strengthen the recovery of agricultural livelihoods in selected provinces of Cameroon, Chad, and Niger.

“It will contribute to restoring sustainable rural mobility, connectivity and strengthen the recovery of agricultural livelihoods in selected provinces of Cameroon, Chad, and Niger.

“It will also promote knowledge sharing and regional dialogue with a data platform hosted at the Lake Chad Basin Commission while strengthening community empowerment through citizen engagement, social cohesion activities and labour-intensive public works.

“PROLAC will contribute to the rehabilitation of rural roads and small transport infrastructure and will promote productive investments by helping agricultural producers to increase productivity in the polder areas in Chad, the farming of oasis areas in Niger, and in the areas close to the shore of the Lake Chad in the Far North of Cameroon.

“The second project, the multi-sectoral crisis recovery project for northeastern Nigeria, additional financing (MCRP AF, $176 million), will help the government of Nigeria to improve access to basic services and livelihood opportunities for crisis-affected communities in the northeastern states of Adamawa, Borno and Yobe.

“While enhancing coordination among these states and other Lake Chad countries.

“It expands the ongoing $200 million MCRP project and puts an increased emphasis on support for agricultural livelihoods and investments.

“In addition, the MCRP AF will include support for labour-intensive approaches and works programs, promote rural and regional connectivity, rehabilitate market infrastructure and prioritize climate change adaptation and mitigation.”

It said there were significant gaps in infrastructure, access to basic services was poor, and natural resources and livelihoods were severely impacted by climate change and the situation was exacerbated by insecurity prevailing since 2009.The operations would also improve the living conditions of the population, including vulnerable women and youths who were being faced with the negative impacts of climate change and suffer from insecurity.

According to the bank, the project would also expand its education and health activities to include a focus on service delivery by providing grants to schools committees and incentives to returning teachers, and by promoting quality of primary health care services in targeted public health centres and district hospitals.

 

Post Views: 4
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2025 Guide to the Top Business Enabling…
  • Africa must prepare for the inevitability of a global food crisis - Akinwumi Adesina
    Overcoming Binding Constraints to Competitive…
  • Top 15 Social Media Marketing Tools for Nigerian Entrepreneurs
    15 Social Media Management Tools That Will Make Life…
  • #IWD2023: Celebrating Outstanding Women in Micro Small and Medium Enterprises
    #IWD2023: Celebrating Outstanding Women in Micro…
  • David R. Malpass
    COVID-19 : World Bank Provides $425 Million for…
Tags: Lake ChadPROLACWorld bank
Previous Post

Roducate platform continues to deepen Online Learning across Africa.

Next Post

GreenTec Capital Africa Foundation and AFD collaborate to support SMEs and Startups

Next Post
GreenTec Capital Africa Foundation and AFD collaborate to support SMEs and Startups

GreenTec Capital Africa Foundation and AFD collaborate to support SMEs and Startups

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FAAN, Plateau Partner on Food Cargo Hub to Cut N3.5 Trillion Food Losses
  • Adamawa Trains 120 Farmers on Smart Livestock Practices, Cliimate Resilience
  • NITDA Seeks Inclusive Digital Policies for 35 million Nigerians with Special Needs
  • World Bank Urges Impact-Driven Partnerships for Africa’s Development
  • Starlink Suspends South African Users Amid Regulatory Crackdown

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.