The World Bank will disburse 159.5 million dollars on growth and employment project in Nigeria before the end of 2017, a statement said.
Notice of the disbursement is contained in a World Bank report titled “Fostering Transformational Development in Nigeria’’, according to the statement released in Abuja on Friday.
The bank said the project was aimed at addressing the gap that prevented key growth centres from expanding and supporting small and medium enterprises to develop new business models.
“It is also aimed at creating an enabling business environment,’’ the report said.
It stated that over 500 enterprises and artisans had benefited from interventions in the meat, leather and construction sectors funded by Department for International Development (DFID).
The World Bank report noted that key preparatory activities included the development of stakeholders networks, especially in the entertainment and ICT sectors.
“Policy development has also been supported,’’ it added.
