Nigeria Youth Employment and Social Support AF (WB-P157899)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 7, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
FEDERAL REPUBLIC OF NIGERIA
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Sep 18, 2017

Disclosed by Bank May 1, 2016


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Project Description
The development objective of Youth Employment and Social Support Project for Nigeria is to increase access of the poor to youth employment opportunities, social services, and strengthened safety net systems in participating states. The proposed additional credit of 100 million US dollars would help finance the costs associated with modified and new activities arising from scaling up and restructuring of the current operation in the North East of Nigeria (Borno, Yobe, Adamawa, Taraba, Bauchi, and Gombe States) with the aim of providing assistance to poor and vulnerable households - including internally displaced persons (IDPs), i.e. those able to return or resettle to safe environments - and host communities, for increased consumption and improved livelihoods and human capital. In addition to restoring livelihoods, the Additional Financing (AF) will also be used to provide trauma and psychosocial support to conflict-affected and returnee households, internally displaced groups, and individuals, as a form of social assistance intervention. The psychosocial support will be provided in addition with other AF operations at different levels. The closing date of the project is extended to June 30, 2020.
Investment Description
  • World Bank (WB)
Contact Information
Implementing Agencies Name: Federal Ministry of Finance Contact: Peter Papka Title: Director, SURE-P Email: peterpapka@yahoo.com ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.