As Nigeria leans more on World Bank financing to support social programmes, the President Bola Tinubu administration aims to ease reform pains, with success hinging on accountability, institutional capacity and effective implementation, writes SAMI TUNJI
When President Tinubu unveiled a group of World Bank-backed programmes at the State House Banquet Hall in Abuja on 16 July, the ceremony was presented as the social-policy answer to the economic reforms that have defined his administration.
The programmes span livelihood support, food security, basic education, primary healthcare, public-sector governance and assistance for communities affected by displacement. Collectively, they reveal how the administration is increasingly relying on concessional financing and results-based World Bank programmes to extend social spending beyond the limits of the federal budget.
At the centre of the package are the $500m additional financing for the Nigeria Community Action for Resilience and Economic Stimulus programme, the $300m Solutions for the Internally Displaced
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