The World Bank has approved $500 million in financing for Nigeria to tackle flooding, restore degraded agricultural land and reduce conflicts between farmers, herders and rural communities across the northern part of the country.
The funding, approved under the Agro-Climatic Resilience in Semi-Arid Landscapes Project, is expected to strengthen climate resilience, improve water management and support agricultural productivity in 19 northern states and the Federal Capital Territory.
According to a statement obtained by The PUNCH from the World Bank’s website on Wednesday, the additional financing will support the restoration of 1.4 million hectares of land and benefit approximately 6.6 million people by 2031.
The financing will also support watershed rehabilitation, erosion control and improved management of natural resources in communities vulnerable to climate-related disasters.
“The World Bank has approved $500m in additional financing for the Agro-Climatic Resilience in Semi-Arid Landscapes Project to help Nigeria scale up climate resilience, restore degraded landscapes, improve water management, and strengthen livelihoods across northern Nigeria.”
