The World Bank has givven approval for the sum of $300m in financing up to 7.4 million Nigerians in internally displaced persons camps and their host communities in the northern part of the country.
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In a statement on Monday, the World Bank noted that the loan was approved on August 7, 2025.
According to the financial institution, the aim of the financing is to strengthen resilience and expand access to essential services for IDPs and host communities in northern part of Nigeria.
In his comment, World Bank Country Director for Nigeria, Mathew Verghis, said the initiative has the country to address development challenges associated with IDPs.
