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Floods: World Bank don approve $500m Nigeria loan

The World Bank don approve $500 million as financing for Nigeria to take tackle flooding, restore bad agricultural land and reduce issues between farmers, herders and rural communities for across the northern part of the country.

The funding wen dem approve under the Agro-Climatic Resilience for Semi-Arid Landscapes Project, dey expected to strengthen climate resilience, improve water management and support agricultural productivity for 19 northern states and the Federal Capital Territory.

According to one statement from the World Bank website on Wednesday, the additional financing go support the restoration of 1.4 million hectares of land and also benefit approximately 6.6 million people by 2031.

The financing go still support watershed rehabilitation, erosion control and improved management of natural resources for communities wen dey open to climate-related disasters.

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