BREAKING NEWS: Nigerian govt eyes fresh $1bn World Bank loan for IDPs

Nigerian govt eyes fresh $1bn World Bank loan for IDPs

govt eyes fresh $1bn loan for IDPs

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The Nigerian Federal is in talks with the World Bank to complete the processes of obtaining over $1 billion loans to address the challenges facing Internally Displaced Persons and their host communities, as well as bolster rural access and agricultural marketing in the country.

The request is contained in a recent World Bank document titled, ‘Solutions for the Internally Displaced and Host Communities Project' and ‘Rural Access and Agricultural Marketing Project – Scale Up.'

Accordingly, while the IDPs' loan is put at $500m, the rural access and agricultural marketing project loan is estimated at $550m.

The fund is expected to provide help to communities in badly affected by .

“The project will utilise a three-pronged approach to develop sustainable solutions for IDPs and host communities in Northern Nigeria.

“First, the proposed project aims to provide tailored solutions for each of the targeted states and communities, recognizing that each internal displacement situation is specific and localised, with conflict, violence and/or climate challenges presenting a different level and set of vulnerabilities for host communities.

“Gender, age, and special needs of individuals also play a role, as well as the length of displacement, number of times displaced and other factors.

“Thus, responses will be adapted to address the specific needs of vulnerable populations within displacement-affected states and communities. Second, the proposed project will follow a ‘People-in-Place' approach, integrating the needs of the people and the impacts on the place where they settle,” the document stated.

According to a review by a World Bank team, Northern Nigeria, especially Borno, Adamawa and Yobe, has experienced the highest numbers of internally displaced persons.

This is primarily due to the ongoing conflict involving Boko Haram, as well as other factors such as banditry and conflicts between farmers and herders, leading to the displacement of over 3.5 million people.

Since 2009, Boko Haram has continued to carry out heinous crimes on .

Banditry has been described as a variant of Boko Haram.

Recently, attacked Community abducting over 200 schoolchildren and members of staff.

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