The Nigerian government is seeking a $500 million loan from the World Bank to support its recently approved Health Sector Renewal Investment Initiative (HSRII).
This financial commitment, outlined in a World Bank appraisal document obtained by Nairametrics, is part of a larger strategy to tackle the nation’s significant health challenges.
The document specifies that the $500 million will be provided through the ‘Nigeria: Primary Healthcare Provision Strengthening Program.’
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A part of the document read: “The proposed PforR Program is grounded in the Nigeria Health Sector Renewal Investment Initiative (NHSRII) launched in December 2023 — an ambitious and transformative initiative aiming to improve both health outcomes and economic potential by drastically reducing Nigeria’s maternal and under-five mortality rates.”
The estimated approval date for the $500 million loan from the World Bank is September 26, 2024.
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