The Federal Government is eyeing a $500m loan from the World Bank to tackle inadequate human resource issues in the country’s education and healthcare systems.
The proposed loan, part of the Nigeria Human Capital Opportunities for Prosperity and Equity Governance Programme, is intended to tackle long-standing staffing gaps and enhance the performance management of basic education teachers and primary healthcare workers.
According to the “Programme Information Document” for the appraisal stage of the Nigeria Human Capital Opportunities for Prosperity and Equity Governance Programme, obtained by Buzz Times on Friday, the international lender is expected to give its final approval for the loan on September 26, 2024, and it has the Ministry of Budget and Economic Planning, Ministry of Education and Ministry of Health as the implementing agencies.
It showed the loan is to support strengthening financial and human resource management in the basic education and primary health care sectors.
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