World Bank to Spend $8 Billion on Nigeria Over Four Years

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The World Bank said it will provide Nigeria with projects worth $8 billion targeting job creation, social services and governance as part of its new country partnership strategy with Africa’s largest economy.

Nigeria, the continent’s most populous nation with about 170 million people, will get $2 billion annually, disbursed through the International Development Association and International Bank for Reconstruction and Development, the Washington-based lender said today in an e-mailed statement.