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World Bank Approves $300 Million to Support 7.4 Million IDPs in Nigeria and Host Communities

Blessing Joseph by Blessing Joseph
August 12, 2025
in Business, News
0
World Bank Approves $300 Million to Support 7.4 Million IDPs in Nigeria and Host Communities
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The World Bank has approved $300 million in financing to support up to 7.4 million Nigerians living in internally displaced persons (IDP) camps and host communities across Northern Nigeria.

The funding, approved on August 7, 2025, is aimed at strengthening resilience and expanding access to essential services in areas most affected by prolonged displacement due to conflict and insecurity.

World Bank Country Director for Nigeria, Mathew Verghis, described the initiative as a crucial step toward addressing the nation’s long-standing development challenges linked to displacement.

“This initiative has tremendous potential to help Nigeria address these challenges in a sustainable way,” Verghis said.

The financing will focus on improving livelihoods, expanding basic infrastructure, and enhancing social services for both displaced populations and the communities that host them. It is also expected to promote long-term recovery and reduce the strain on already limited local resources.

For affected regions, the initiative represents a significant opportunity to rebuild communities, create economic opportunities, and improve living standards for millions facing hardship.

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Tags: $300 million World Bank projectconflict recovery Nigeriadisplacement crisis Africaeconomic resilience Northern Nigeriaessential services for IDPshost community supporthumanitarian aid NigeriaIDP support Northern Nigeriasustainable development NigeriaWorld Bank Nigeria funding
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