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World Bank’s $40M Lifeline Targets 500,000 Poor Nigerians

by Adams Oma
June 15, 2025
in Business News
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World Bank May Soon Approve Nigeria's $1.1 Billion Loan Request
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The World Bank has earmarked $40 million to boost healthcare coverage for Nigeria’s most vulnerable citizens, as part of a broader initiative aimed at strengthening the country’s health system and improving access to essential services.

This funding is embedded within the newly approved Human Capital Opportunities for Prosperity and Equality – Health Programme-for-Results (HOPE-Health-PforR), a health-focused project backed by a $500 million credit from the International Development Association (IDA) and an additional $70 million grant from the Global Financing Facility. The programme officially kicked off on September 26, 2024, and is set to run through June 30, 2029.

READ ALSO: Nigeria Loses $4 Million World Bank Loan Due to Failed Audit

The $40 million allocation is tied to Disbursement Linked Indicator 3 (DLI 3), which aims to enhance financial protection through health insurance for low-income and underserved Nigerians. This support is performance-based, meaning funds will be released only when specific targets are met and verified.

The initiative falls under Result Area 2 of the programme, which has a total budget of $272.5 million. It focuses on increasing the use of essential health services, particularly in areas such as maternal and child health, digital health infrastructure, and institutional reforms across federal and state levels.

The World Bank emphasised that the disbursement conditions are scalable and time-sensitive, encouraging timely and impactful implementation by participating states.

Ultimately, the HOPE-Health-PforR programme is aimed at not only expanding coverage but also making healthcare delivery more equitable and resilient, in line with Nigeria’s long-term human capital development goals.

Tags: Poor NigeriansWORLD BANK
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