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JUST IN: World Bank Okays $1.57bn Loan For Nigeria

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The World Bank has approved three new loan requests totalling $1.57bn in financing for Nigeria.

According to a statement released on Monday, the approval is to support the Federal Government in strengthening human capital through better health for women, children and adolescents.

It added that the approved projects would also help build resilience to the effect of climate change such as floods and drought through improving dams safety and irrigation.

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The statement read, “The World Bank has today approved three operations for a total of $1.57bn to support the Government of Nigeria in strengthening human capital through better health for women, children and adolescents and building resilience to the effects of climate change such as floods and droughts through improving dam safety and irrigation.”

The international lender stated that this new financing includes $500m for addressing governance issues that constrain the delivery of education and health, $570m for the Primary Healthcare Provision Strengthening Programme and $500m for the Sustainable Power and Irrigation for Nigeria Project.

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“The HOPE-GOV and HOPE-PHC programmes combined will support the Government of Nigeria to improve service delivery in the basic education and primary healthcare sectors which are critical towards improving Nigeria’s human capital outcomes.

READ ALSO: Lives Lost, Property Destroyed As Flood Sweeps Imo Community

“The SPIN project will support improvement of dams’ safety and management of water resources for hydropower and irrigation in selected areas of Nigeria.

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“The HOPE-GOV Programme will support Nigeria to address underlying governance weaknesses in the systems and procedures of government in two key human development sectors,” it noted.

The approval, made on September 26, 2024, highlights the World Bank’s commitment to strengthening Nigeria’s human capital and building resilience in the face of climate threats.

More details soon…

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Welcome Home, Israel Confirms Return Of 20 Hostages From Gaza

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Israel said that the last 20 living hostages released by Hamas on Monday had arrived in the country.

“Welcome home,” the foreign ministry wrote in a series of posts on X, hailing the return of Matan Angrest, Gali Berman, Ziv Berman, Elkana Bohbot, Rom Braslavski, Nimrod Cohen, David Cunio, Ariel Cunio, Evyatar David, Guy Gilboa Dalal, Maxim Herkin, Eitan Horn, Segev Kalfon, Bar Kuperstein, Omri Miran, Eitan Mor, Yosef Haim Ohana, Alon Ohel, Avinatan Or and Matan Zangauker.

READ ALSO:Trump Gives Update On Israel, Hamas Peace Deal

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20 Members Of Gang Blacklisted By US Escape Guatemala Prison

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Twenty members of a gang designated a “foreign terrorist organisation” by the United States have escaped from detention in Guatemala, a prison chief said Sunday.

The members of the Barrio 18 gang “evaded security controls” at the Fraijanes II facility, prison director Ludin Godinez said at a news conference.

He received “an intelligence report” on Friday warning about the “possible escape” from the prison, which is southeast of the capital, Guatemala City.

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Godinez said they were investigating possible acts of corruption.

READ ALSO:China’s Trade Surges Despite US Tariff Threats

Washington last month blacklisted Barrio 18, an El Salvador-based gang which has a reputation for violence and extortion, as part of its crackdown on drug trafficking.

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The US embassy in Guatemala condemned the prison escape as “utterly unacceptable.”

“The United States designated members of this heinous group as the terrorists they are and will hold accountable anyone who has provided, provides, or decides to provide material support to these fugitives or other gang members,” the embassy said on X.

It called on the Guatemalan government to “act immediately and vigorously to recapture these terrorists.”

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According to Interior Minister Francisco Jimenez, there are about 12,000 gang members and collaborators in Guatemala, while another 3,000 are in prison.

The country’s homicide rate has increased from 16.1 per 100,000 inhabitants in 2024 to 17.65 this year, more than double the world average, according to the Centre for National Economic Research.

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According to the Salvadoran government, the gangs Barrio 18 and Mara Salvatrucha, better known as MS-13, are responsible for the deaths of about 200,000 people over three decades.

The two gangs once controlled an estimated 80 percent of El Salvador, which had one of the highest homicide rates in the world.

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South Africa Bus Crash Kills 40 Including Malawi, Zimbabwe Nationals

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At least 40 people, including nationals of Malawi and Zimbabwe, were killed when a passenger bus rolled down an embankment in South Africa, a provincial transport minister said Monday.

The bus travelling to Zimbabwe crashed around 90 kilometres (55 miles) from the border on Sunday after the driver apparently lost control, Limpopo province transport minister Violet Mathye said.

“They are still working on the scene, but 40 bodies have already been confirmed to date,” Mathye told the Newzroom Afrika channel. The dead included a 10-month-old girl, she said.

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Thirty-eight people were in hospital and rescuers were searching for other victims, she told eNCA media.

The bus was travelling from the southern city of Gqeberha, around 1,500 kilometres away, and its passengers included Malawians and Zimbabweans who were working in South Africa. The crash may have been caused by driver fatigue or a mechanical fault, the minister said.

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South Africa has a sophisticated and busy road network with a high rate of road deaths, blamed mostly on speeding, reckless driving and unroadworthy vehicles.

AFP

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