• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

World Bank mandates hiring security consultant for $1.2 billion loan project in Nigeria 

Sami Tunji by Sami Tunji
June 7, 2024
in Economy, Public Debt
World Bank, Tanzania
Share on FacebookShare on TwitterShare on Linkedin

The World Bank has mandated the hiring of a security consultant to address pervasive insecurity issues affecting its $1.2 billion loan project in Nigeria. 

The Adolescent Girls Initiative for Learning and Empowerment (AGILE) project aims to improve secondary education opportunities among girls in targeted areas but faces significant challenges due to security concerns. 

Initially approved in July 2020 with a loan amount of $500 million, the project received an additional financing approval of $700 million in September 2023, bringing the total project funding to $1.2 billion, according to the implementation status and results report for the project from the World Bank. 

RelatedStories

Child Poverty

Over 312 million children in Sub-Saharan Africa remain in extreme poverty – World Bank, UNICEF

September 15, 2025
World Bank, Tanzania

World Bank approves $300 million loan for Internally Displaced Persons in Nigeria 

August 11, 2025

However, only 49% of the initial financing has been disbursed and nothing has been disbursed from the additional financing as the project faces delays in implementation. 

About the AGILE Project 

The AGILE project has key components, such as creating safe and accessible learning spaces ($757.30 million), fostering an enabling environment for girls ($373.50 million), project management and system strengthening ($59.20 million), and unallocated funds ($10 million). 

Despite a delayed start, the AGILE project has shown notable achievements across various fronts. The construction milestones include the completion of 20 schools and the ongoing construction of 258 schools, which will add 2,112 classrooms across four states.  

Financial incentives have been a significant component of the project, with 464,068 beneficiaries receiving support to continue their education.

This financial aid has facilitated transitions from primary to junior secondary school (JSS), retention in JSS, and further progression to senior secondary school (SSS).

Additionally, the project has made significant strides in life skills programs, reaching 163,474 beneficiaries. 

These programs have been particularly successful in states like Kano, Kaduna, and Katsina, where new cohorts have enrolled, and life skills activities are being extended to additional schools. 

The insecurity problem 

Among other challenges, insecurity remains a critical issue, particularly in states with pervasive insecurity, hindering the implementation and supervision of project activities. 

The insecurity has made it difficult to implement and monitor project activities effectively, putting the project’s objectives at risk. 

The report from the World Bank read: “The slow implementation of critical project activities remains an obstacle for some states. The inefficient performance of lagging states could undermine project progress. These states have shown low capacity in implementing critical activities such as fiduciary, monitoring and evaluation, reporting, and project management. 2) Security challenges remain pervasive across some states, making it difficult to implement and supervise the implementation of project activities in affected areas. 3) Bureaucratic processes and changes in SPIU staff continue to cause delays in the implementation of project activities in some of the project states.” 

The World Bank report highlighted the need for enhanced security measures and immediate actions to ensure the safety and continuation of the project. 

To address these challenges, the World Bank has instructed all State Project Implementation Units (SPIUs) to recruit a security consultant and appoint a government security focal person in each state. This measure aims to enhance security protocols and provide a safer environment for implementing project activities. 

The report added: “The World Bank team will continue to liaise with State Governors and Education Commissioners to minimize turnover at the SPIU level and ensure that qualified staff are recruited to support Project activities. States will need to introduce more enhanced security measures for schools. All SPIUs are now required to recruit a security consultant and appoint a security government focal person in the states. 

“The NPCU [National Project Coordinating Unit] will also need to increase targeted support to participating states through technical assistance, training and refresher courses, and standardized reporting frameworks. The World Bank is also considering Hands-On Expanded Implementation Support (HEIS) for states in view of low capacity and high volume of future procurements.” 

What you should know 

  • As schools in the country struggle with persistent attacks by extremists, bandits, and kidnappers, the federal government launched the National Plan on Financing Safe Schools 2023-2026, with a total investment size of N144.8 billion in December 2022. 
  • Through the former Minister of Finance, Budget and National Planning, Zainab Ahmed, the government asked for financial support from state governments, agencies, the private sector, and development partners in implementing the National Plan on Financing Safe Schools 2023-2026. 
  • By 2023, the government announced that a total of N15 billion has been earmarked to fund the implementation of Financing Safe Schools for 2023.  
  • The initiative was planned to begin in 18 states, covering at least 48 schools in each state this year, with support from the World Bank, UNICEF, and Civil Society Organisations. 
  • As of March 19, 2024, only  2,814 primary and secondary schools in the country had registered for the Safe Schools Initiative. 

Follow us for Breaking News and Market Intelligence.
Tags: AGILE ProjectSPIUsWorld Bank
Sami Tunji

Sami Tunji

Sami Tunji is a writer, financial analyst, researcher, and literary enthusiast. Aside from having expertise in various forms of writing (creative, research, and business writing), he is passionate about socio-economic research, financial literacy, and human development. Currently, he is a financial analyst at Nairametrics and an African Liberty Writing Fellow 2023/2024.

Related Posts

Child Poverty
Business News

Over 312 million children in Sub-Saharan Africa remain in extreme poverty – World Bank, UNICEF

September 15, 2025
World Bank, Tanzania
Economy

World Bank approves $300 million loan for Internally Displaced Persons in Nigeria 

August 11, 2025
World Bank, Tanzania
Sectors

World Bank commits to 90,000 kilometers fiber optic project to drive broadband access across Nigeria 

July 24, 2025
Nigeria secures World Bank’s approval for $2.25 billion loan to boost reforms 
Financial Services

World Bank: 59% of adults in Nigeria and others borrowed in 2024

July 18, 2025
World Bank Appoints Mathew Verghis as Country Director for Nigeria 
People

World Bank Appoints Mathew Verghis as Country Director for Nigeria 

July 4, 2025
World Bank, Tanzania
Economy

World Bank approves extra $65 million loan for Nigeria’s SPESSE project 

July 1, 2025
Next Post
Thomas Etuh takes over at Notore as company undergoes management changes

Thomas Etuh takes over at Notore as company undergoes management changes

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Nestlé Nigeria swings back to profit of N39.6 billion in Q3 2025  
  • PayPal partners with OpenAI to integrate digital wallet into ChatGPT 
  • FG secures N700 billion to deploy 1.1 million meters by December 2025 

Follow us on social media:

Recent News

Nestlé logo on company building

Nestlé Nigeria swings back to profit of N39.6 billion in Q3 2025  

October 29, 2025
PayPal partners with OpenAI to integrate digital wallet into ChatGPT 

PayPal partners with OpenAI to integrate digital wallet into ChatGPT 

October 29, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics