The World Bank has approved $300m in financing for up to 7.4 million Nigerians in internally displaced persons camps and their host communities in the northern region of the country.
This was disclosed in a statement on Monday.
According to the World Bank, the loan was approved on August 7, 2025.
The aim of the financing is to strengthen resilience and expand access to essential services for IDPs and host communities in Northern Nigeria.
In his comment, World Bank Country Director for Nigeria, Mathew Verghis, said the initiative has helped the country address development challenges associated with IDPs.
“We are glad to support this initiative, which has a tremendous potential to help Nigeria in addressing development challenges associated with protracted displacement in a sustainable way,” he said.
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