World Bank approves $114 mln for Nigeria’s COVID-19 response

ABUJA (Reuters) – The World Bank has approved $114 million to help Nigeria tackle its coronavirus pandemic, the global lender said on Friday.

The money comes in the form of a $100 million loan and a $14 million grant to be split between Nigeria’s 36 states and federal-level procurement of medical equipment, tests and medicine.

Africa’s most populous country has recorded more than 45,000 confirmed coronavirus cases and 930 deaths, but low levels of testing have left a muddy picture of the outbreak’s severity.

“Nigeria has ramped up its efforts to contain the COVID-19 outbreak, but more needs to done at the state level, which are at the front line of the response,” Shubham Chaudhuri, the World Bank’s director for Nigeria, said in its statement on Friday.

Partner Content

Digital Transformation: A Key Driver of Business Success

In the digital age, more people have access to some form of mobile device over a bank facility and this is nowhere...

The star-studded multi-national line-up for Singularity USA Online Summit 2020

The line-up for the SingularityU South Africa Online Summit features thought leaders from across the globe, some as far as USA, Denmark,...

The COVID Currency Survival Guide for Corporates

Learn about what larger companies in South Africa need to know when it comes to foreign exchange during COVID-19 and beyond

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox