World Bank Approves N462bn for 1.3m IDPs, Others in Northern Nigeria

•Says local governments unable to fully address ongoing challenges

•To channel resources to providing essential services, economic opportunities

•Project expected to benefit up to 7.4 million people

Emmanuel Addeh in Abuja

The World Bank yesterday announced the approval of $300 million (about N462 billion) for Internally Displaced Persons (IDPs) and their host communities in the northern part of Nigeria, under the Solutions for the Internally Displaced and Host Communities Project (SOLID).

A statement from the bank stressed that the new initiative will enhance access to essential services and economic opportunities for IDPs and host communities in selected local government areas in the troubled region.

The IDP crisis in northern Nigeria is one of the most pressing humanitarian challenges in the country, driven largely by a combination of armed conflict, banditry, and communal clashes, with the Boko Haram insurgency in the North-east serving as the single largest trigger.

For more than a decade, towns and villages in many states in the northern region have suffered repeated attacks, forcing millions to abandon their homes in search of safety. In the North-west, rising bandit violence, kidnappings, and cattle rustling have displaced thousands more, while intermittent farmer–herder clashes in the Middle Belt have added to the numbers.

While these displacements often strip these victims of their livelihoods, property, and social support networks, many IDPs end up in overcrowded camps, makeshift shelters, or host communities ill-equipped to absorb the sudden influx.

Besides, THISDAY reports that conditions in some of these camps are dire, with inadequate access to clean water, healthcare, education, and sanitation. Also, malnutrition, disease outbreaks, and lack of schooling for children are persistent problems.

In these conditions, women and girls, in particular, face heightened risks of gender-based violence, exploitation, and early marriage.

But the World Bank explained in the statement that by adopting an integrated development strategy, the SOLID Project seeks to help both IDPs and host communities move towards greater self-sufficiency and resilience, in line with Nigeria’s long-term development goals.

“Ongoing conflict and insecurity in Northern Nigeria have forced more than 3.5 million people from their homes, putting significant strain on local infrastructure in areas where IDPs have settled.

“The resulting population surge has led to limited access to services and increased vulnerability to natural disasters like flooding. Local governments are unable to fully address these challenges and meet the needs of both residents and displaced populations. This has led to competition for scarce resources and limited livelihood opportunities for all.

“The SOLID Project will build on previous efforts by the Nigerian government, international partners, and the earlier World Bank-supported Multi-Sectoral Crisis Recovery Project (MCRP), which focused on short-term emergency recovery,” the Bretton Woods institution stressed.

According to the global financial institution, key priorities for the project include: Developing and maintaining climate-resilient infrastructure as well as promoting social cohesion and community resilience through participatory development planning, economic cooperatives, and the integration of IDPs.

Besides,  it explained that the programme will support livelihoods to help both IDPs and local residents initiate and sustain new economic activities as well as  strengthening institutions to better respond to demographic changes caused by forced displacement.

Speaking on the initiative, World Bank Country Director for Nigeria, Mathew Verghis, emphasised that the project has the potential to help Nigeria in addressing development challenges associated with protracted displacement in a sustainable way.

He said: “We are glad to support this initiative which has a tremendous potential to help Nigeria in addressing development challenges associated with protracted displacement in a sustainable way.

“The Project’s integrated approach which is aligned with the National IDP Policy and the FGN’s long-term development vision will ensure that IDPs and host communities can transition from dependency on humanitarian assistance to self-reliance and resilience which will open up better economic opportunities”.

The multilateral development bank pointed out that the SOLID Project is expected to benefit up to 7.4 million people, of which up to 1.3 million individuals are identified as IDPs.

The project, it said, will be implemented through a coordinated, community-driven approach involving all tiers of government, with strong partnerships from international stakeholders.

By bridging the gap between emergency relief and long-term development, SOLID, the World Bank said, aims to help Northern Nigeria transition from crisis response to stability, resilience, and inclusive growth.

“This operation is central to tackling the enduring displacement crisis in Northern Nigeria. It reflects the urgency of addressing infrastructure gaps and service delivery challenges in host communities that were already strained before the influx of displaced populations.

“It will provide targeted livelihood support to help both displaced and host populations achieve sustainable economic outcomes,” said Task Team Leaders for SOLID, Fuad Malkawi and Christopher Johnson.

The Nigerian government, in collaboration with humanitarian agencies, has made efforts to provide relief, including food distribution, temporary housing, and medical care, although insecurity often restricts aid workers’ access to remote areas, and funding gaps limit the scale and consistency of assistance.

In the same vein, resettlement and reintegration plans have faced delays, as many communities remain unsafe or destroyed.

The post World Bank Approves N462bn for 1.3m IDPs, Others in Northern Nigeria appeared first on THISDAYLIVE.

​  

  • Related Posts

    PDP Govs to Party Faithful: Resist Attempts by Anti-party Forces to Derail Convention

    PDP Govs to Party Faithful: Resist Attempts by Anti-party Forces to Derail Convention

    *Accuse APC of intimidation, anti-democratic actions in last by-elections

    *Commend resilience of members in overcoming defections

    Chuks Okocha in Abuja

    The governors elected on the platform of the Peoples Democratic Party (PDP) have urged the members of the party to resist all attempts by those they described as anti-party forces to derail the November 15 National Convention of the party to be held in Ibadan, the Oyo State capital.

    While commending the resilience of the leaders and members of the party in overcoming “orchestrated” defections, the governors also hailed members of the party for their loyalty in the face of intimidation and anti-democratic actions of the government led by the All Progressives Congress (APC).
    In a communique issued yesterday at the end of their meeting in Gusau, the Zamfara State capital, the governors, who met under the aegis of the PDP Governors’ Forum (PDP-GF), also urged the party faithful to see the main opposition party as the only democratic institution and viable alternative for restoring Nigeria along the path of good governance and national development.

    According to the communique signed by the Chairman of the forum, and Governor of Bauchi State, Senator Bala Mohammed, the governors “extensively deliberated on the state of the nation, the security situation, the erosion of democratic values, as well as ongoing efforts to reposition the party and make adequate preparations for its forthcoming national convention”.
    “The forum expresses profound gratitude to members and supporters of the PDP nationwide for their steadfast loyalty in the face of serious intimidation and untold anti-democratic actions of the APC-led federal government in the last by-elections.

    “The forum commends the resilience of PDP leaders and members in overcoming orchestrated defections, stressing that such distractions cannot diminish the party’s strong grassroots appeal or the growing public yearning for the return of affordable living and relative security experienced under PDP-led administrations,” the governors said.
    The governors urged the PDP members and the entire citizenry to hold fast to the vision and principles of the party, in spite of what they described as growing intimidation of the opposition by the government in power.
    “This sad situation should only be seen as the sign of the desperation of a political party with no agenda, no vision, and doomed to face inevitable rejection by the masses,” the governors added.

    The governor reaffirmed their full commitment to the resolutions of the 101st National Executive Committee (NEC) meeting of the party held in July 2025 regarding the November 15 National Convention.
    They urged the members of PDP “to resist all attempts to derail the convention by anti-party forces” and “see the PDP as the only democratic institution and viable alternative for restoring Nigeria along the path of good governance and national development.”
    The camp of the Minister of the Federal Capital Territory (FCT), Nyesom Wike, had declared that it was not aware of the planned national convention.

    Wike also gave conditions to participate in the national convention, insisting that the outcome of the South-south Zonal Congress of the party held in Calabar, Cross River State, which saw the return of the former Vice Chairman, Chief Dan Orbih, must be recognised. 
    The National Working Committee (NWC) of the party had rejected the outcome of the congress and appointed a caretaker committee headed by Emmanuel Ogidi as the chairman of the South-south zone of the party.
    But the former Rivers State governor warned that a fresh crisis could erupt if the PDP refused to acknowledge the zonal congress that elected Orbih as National Vice Chairman, South-south.
    He said, “Well, it is over for now. There are a few things remaining, and I have told them that they must do it. Our congress was held in Calabar, and there’s nothing anybody can tell us. If they want to have another round of crisis, so be it. In that congress, Chief Dan Orbih emerged as the National Vice Chairman. They never wanted congress to hold, but congress was held.

    “The so-called acting national chairman of the party wrote a letter to INEC after the congress held that the congress had been postponed. There is no two ways about it. The National Vice Chairman of PDP South-south is Chief Dan Orbih. If they don’t agree, that’s another round of crisis,” he threatened.
    Wike also argued that the party must deal with its South-East zonal chairman, Ali Odefa, who had been sacked from the party by an order of a court of competent jurisdiction.
    “The South-east vice chairman, Ali Odefa, is no longer a member of the party. These are the things I tell people. What I don’t like is impunity. And for someone like me, we will not condone it. I will not allow it. We will fight it except they correct it.’’
    Wike added that the national convention being put together by the party might end up in crisis if the anomalies in the PDP were not corrected.

    “They said that they are going for their convention in November. I am not part of it until they have corrected it. Let us wait; there is still time for them to resolve it. Before you talk about the convention, resolve the matter. If the matter is not resolved, there will be a crisis,” Wike reportedly added.
    However, in the communique, the PDP governors reaffirmed the party’s commitment to rescue Nigeria and Nigerians from the “divisive governance style of the APC, whose policies have continued to cause more hardship and misery on the people.”
    On the issue of insecurity, the governors commended the initiatives by the government of Zamfara State in significantly curbing insecurity within the state.
    While condemning the continued monstrous killings in Katsina, Plateau, Niger, and Benue states, as well as in other parts of the country, the PDP governors called on the federal government to be more responsive to the lives of the citizenry.
    They alleged over-militarisation of the last by-elections, saying the elections were characterised by widespread irregularities, vote buying, and violence.

    The governors called on Nigerians to be more circumspect in protecting their votes.

    The PDP governors lauded the government and people of Zamfara State for their uncommon hospitality and also congratulated Governor Dauda Lawal on his exemplary leadership and notable achievements in infrastructure, health, education, other social services, and security.

    “The forum commiserates with the Government and people of Zamfara State on the passing of the Emir of Gusau, and equally with the Government and people of Oyo State over the recent loss of traditional rulers,” the communique added.

    The governors in attendance include: Mohammed (Bauchi), Lawal (Zamfara), Agbu Kefas (Taraba), Ahmadu Umaru Fintiri (Adamawa), Seyi Makinde (Oyo), Douye Diri (Bayelsa), and Ademola Adeleke (Osun).

    The post PDP Govs to Party Faithful: Resist Attempts by Anti-party Forces to Derail Convention appeared first on THISDAYLIVE.

    ​  

    *Accuse APC of intimidation, anti-democratic actions in last by-elections *Commend resilience of members in overcoming defections Chuks Okocha in Abuja The governors elected on the platform of the Peoples Democratic
    The post PDP Govs to Party Faithful: Resist Attempts by Anti-party Forces to Derail Convention appeared first on THISDAYLIVE.

    Despite Macroeconomic Headwinds, 15 Nigerian Companies Post N12.7tn Revenue in H1 2025

    Despite Macroeconomic Headwinds, 15 Nigerian Companies Post N12.7tn Revenue in H1 2025

    Kayode Tokede

    Despite grappling with macroeconomic headwinds, Nigeria’s biggest companies have remained resilient, with 15 of them, including Dangote Cement, MTN Nigeria, and Seplat Energy, generating a combined revenue of N12.7 trillion in the first half (H1) of 2025.
    According to their unaudited financial results for the six months ended June 30, the figure represents a 44.3 per cent increase from the N8.82 trillion earned in the same period of 2024.
    The companies cut across critical sectors—cement production, oil and gas, power generation, fast-moving consumer goods (FMCG), and telecommunications, underscoring the broad base of Nigeria’s private sector resilience.
    The performance comes at a time when Nigeria’s economy was inching toward stability.
    Headline inflation eased to 22.22 per cent in June 2025, due largely to the Central Bank of Nigeria’s (CBN) monetary tightening.
    Though foreign exchange volatility persisted, recent trends signal tentative market confidence.
    A slight uptick in oil production also boosted fiscal revenues and foreign reserves through higher inflows and more disciplined forex management.
    At the top of the table is MTN Nigeria Communications Plc, which posted a staggering N2.38 trillion in revenue, up 54.5 per cent from N1.54 trillion in the same period last year.
    Close behind is Seplat Energy Plc, which posted N2.17 trillion, a jaw-dropping 277 per cent increase over N575.05 billion posted in H1 2024.
    Dangote Cement Plc rounded off the top three, reporting N2.07 trillion, or 18 per cent growth from the N1.76 trillion posted in H1 2024.
    However, Oando Plc was the only company among the group that recorded a decline, with its revenue slipping 15.3 per cent to N1.72 trillion from the N2.03 trillion posted in the same period last year.
    Meanwhile, Nigerian Breweries Plc delivered an impressive performance with N738.14 billion in revenue, up 54 per cent from the N479.77 billion last year.
    BUA Cement Plc also posted N580.3 billion, a nearly 60 per cent increase from the N363.9 billion in 2024.
    Analysts say the numbers reflect resilience in the face of daunting challenges, though rising costs remain a concern.
    “Companies in Nigeria have shown remarkable resilience amid economic difficulties. The relative stability we are beginning to see has had a positive impact on revenue generation,” said an investment banker and stockbroker, Tajudeen Olayinka.
    For the Managing Director of HighCap Securities Limited, David Adonri, the mixed results were not surprising. “Nigeria’s economy is still reverberating from CBN’s foreign exchange reforms and contending with inflationary pressures, insecurity, and other challenges. These continue to produce varied outcomes across different sectors,” he noted.
    Chief Operating Officer of InvestData Consulting, Ambrose Omordion, added that policy shifts under President Bola Tinubu have been especially tough on manufacturers.
    “The reforms initially dragged companies into losses, but we are now seeing signs of recovery as business activity improves and global crude oil prices rise. While 2025 looks promising for listed companies, operating expenditure will keep climbing due to the high cost of doing business,” he explained.

    The post Despite Macroeconomic Headwinds, 15 Nigerian Companies Post N12.7tn Revenue in H1 2025 appeared first on THISDAYLIVE.

    ​  

    Kayode Tokede Despite grappling with macroeconomic headwinds, Nigeria’s biggest companies have remained resilient, with 15 of them, including Dangote Cement, MTN Nigeria, and Seplat Energy, generating a combined revenue of
    The post Despite Macroeconomic Headwinds, 15 Nigerian Companies Post N12.7tn Revenue in H1 2025 appeared first on THISDAYLIVE.

    Leave a Reply

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

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Business & Economy

    When Service Ends in Suffering

    Impact Capital at Work in Nigeria

    Nigerian Government launches personal income tax calculator to drive transparency

    Nigerian Government launches personal income tax calculator to drive transparency

    INTERPOL busts cybercrime networks across Africa in sting operation, recovers $97.4 million 

    FCMB Group to raise equity capital for expansion drive 

    Leather exports from Lagos to generate N387.5 billion annually – Sanwo-Olu 

    AI and the new realities of Fraud Prevention 

    FAAN resumes direct collection of cargo revenue at MMIA after 15 years 

    Rising fertilizer costs threaten crop production and agro-chemicals in Bwari, FCT – Farmers warn 

    Why we source nearly 100% of raw materials from Nigerian farmers – PepsiCo GM Enwemadu 

    Nigeria’s 1.6 million container trade far less than it’s ports potential – Logistics expert 

    Weekly Market Wrap: Nigerian stock market sinks 3,624 points as cement giants fuel decline 

    Imo, A State on the Rise: Hope Uzodimma’s vision for growth and investment 

    Meta, X flout Nigeria’s Internet Code, risk NITDA sanctions 

    American Soybean Association expands partnership to strengthen U.S.-Nigeria commercial ties in aquaculture 

    NITDA warns Nigerians of critical eSIM security flaw affecting over 2 billion devices worldwide 

    Reforms: FX Inflows, Price 

    From Blueprint to Reality: Action Plan for Nigeria’s Sustainable Infrastructure Future 

    Jetour T2 Plug-in Hybrid Electric Vehicle Now in Nigeria

    Suzuki By CFAO Offers Up to 25% Discount On 

    What’s in Your Food?

    Mariam Posset: Art is Powerful Medium for Storytelling, Cultural Expression

    Karl Hala: We’re Building Continental Academy 

    Zenith Bank tops trading value as All-Share Index rises 0.48%, mid-cap stocks shine 

    Presco Plc. holds 2025 Annual General Meeting, reports landmark growth and expansion of regional footprint 

    Capitalfield celebrates 22 years of excellence with CSR Project on sustainable energy for health centres

    Presco shareholders approve N250 billion capital raise, 2025 director fees, and dividends at AGM 

    Japan names city as hometown for Nigerians, to create special visa category

    Sokoto to spend N8.3 billion on renovation of basic and secondary schools 

    FG, states, LGs share N2.001 trillion July 2025 revenue 

    Average diesel price falls to N1789.45/litre in July 2025 – NBS 

    From Enugu to the world: Project Turing creates direct pathway to global tech careers 

    Federal Government Projects $200bn Revenue from Lekki Port in 45 years

    NIGCOMSAT targets N8 billion revenue through broadband expansion in Nigeria 

    Analysts assign a BUY rating to Nigerian Breweries shares, reveal entry and target prices for 2025 

    NiMet forecasts thunderstorms, rains across Nigeria from Friday to Sunday