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ACReSAL secures $500M additional financing from World Bank's IDA for climate resilience and rural development across Northern Nigeria.
Description
ACReSAL, an agro-climatic resilience project covering Nigeria's 19 northern states and the FCT, has secured backing for $500 million in additional financing from the International Development Association (IDA). The new funding, pending World Bank Board approval on October 29, would bring total project financing to $1.2 billion. The additional funds will support completion of ongoing interventions, sustain existing projects, and strengthen climate resilience and rural livelihoods. ACReSAL has already restored over 818,000 hectares of degraded land and benefited 4.4 million people since its 2021 approval.
ACReSAL signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.
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