World Bank commits over $15bn to 30 projects in Nigeria

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The World Bank said it committed over $15 billion to support 30 development programmes across Nigeria amid economic hardship.

The Washington bank disclosed this in a statement on Wednesday.

According to the World Bank, the projects initiated in Nigeria were meant to tackle poverty and improve Nigerians' lives across the federal and state levels.

Apart from the financial assistance, the World Bank said it had offered expert advice and support on various fronts, which it stated, "analyse complex situations, suggest effective policies, strengthen institutions," and even help with implementing projects on the ground.

We reported that Nigeria's December inflation figure rose to 28.92 per cent as living costs hit the roof.

Consequently, in recent times, some Nigerians in Suleja, Niger State, and Lokoja, Kogi State, have protested against the rising cost of living.