Skip to Main Navigation

NIGERIA: Community Action (for) Resilience and Economic Stimulus Program

Abstract*

This is an additional financing (AF) of US$500 million under the Nigeria Community Action for Resilience and Economic Stimulus (NG-CARES, P174114) Program. The AF responds to a request from the Government of Nigeria for the continuation and expansion of NG-CARES, in recognition of the many challenges facing Nigerians and the suitability of NG-CARES in responding to the prevailing shocks and building resilience against future shocks. The AF will build...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

Show More

Development Objective

To expand access to livelihood support and food security services, and grants for poor and vulnerable households and firms

Key Details

Project Details

  • P174114

  • Active

  • Lire Ersado , Samuel Taffesse

  • Federal Republic of Nigeria

  • Nigeria

  • October 8, 2020

  • (as of board presentation)

    December 14, 2020

  • September 28, 2021

  • US$ 750.00 million

  • Federal CARES Support Unit, Department of Economic Growth, FMBEP

  • Western and Central Africa

  • 2021

  • US$ 750.00 million

  • N/A

  • May 30, 2024

  • June 30, 2028

  • TBD

  • BANK APPROVED

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Credit 750.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 750.00
IBRD + IDA Commitment 750.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 750.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

Download:
No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

Download:
No data available.
Period Financier Transaction Type Amount (US$)
Dec 14, 2020 IDA-68030 Loan Commitment 750,000,000.00
Aug 15, 2023 IDA-68030 Loan Disb 2,384,609.50
May 5, 2023 IDA-68030 Loan Disb 1,101,366.50
Dec 15, 2023 IDA-68030 Int Charges 799,839.56
Dec 15, 2023 IDA-68030 Int Charges 1,049,426.00
Jun 15, 2023 IDA-68030 Int Charges 939,678.10
Jun 15, 2023 IDA-68030 Int Charges 48,108.91
Jun 15, 2023 IDA-68030 Int Charges 563,806.90
Jun 15, 2023 IDA-68030 Int Charges 563,806.90
Nov 15, 2023 IDA-68030 Loan Disb 162,722,256.00
Dec 29, 2023 IDA-68030 Loan Disb 60,573,656.00
Dec 15, 2023 IDA-68030 Int Charges 20,751.50
Dec 15, 2023 IDA-68030 Int Charges 20,751.50
Dec 15, 2023 IDA-68030 Int Charges 799,839.56
Feb 15, 2024 IDA-68030 Loan Disb 3,000,000.00
Jun 4, 2024 IDA-68030 Loan Disb 237,696,848.00
Jun 21, 2024 IDA-68030 Int Charges 312,092.88
Jun 21, 2024 IDA-68030 Int Charges 1,578,580.40
Jun 21, 2024 IDA-68030 Int Charges 1,578,580.40
Jun 21, 2024 IDA-68030 Int Charges 2,491,638.20
Nov 30, 2021 IDA-68030 Loan Disb 4,000,000.00
Jun 15, 2022 IDA-68030 Int Charges 1,980.75
Jun 15, 2022 IDA-68030 Int Charges 358,592.30
Jun 15, 2022 IDA-68030 Int Charges 358,592.30
Jun 15, 2022 IDA-68030 Int Charges 597,653.90
Jun 15, 2022 IDA-68030 Int Charges 1,188.45
Jun 15, 2022 IDA-68030 Int Charges 1,188.45
Dec 15, 2022 IDA-68030 Int Charges 413,631.80
Dec 15, 2022 IDA-68030 Int Charges 413,631.80
Dec 15, 2022 IDA-68030 Int Charges 682,933.06
Jan 19, 2022 IDA-68030 Loan Disb 119,189,552.00
Mar 28, 2023 IDA-68030 Loan Disb 66,452,604.00
Dec 15, 2022 IDA-68030 Int Charges 24,910.70
Dec 15, 2022 IDA-68030 Int Charges 24,910.70
Dec 14, 2022 IDA-68030 Loan Disb 4,634,529.50

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Overall Implementation Progress (IP) Highly Satisfactory 2025-01-14
Progress towards achievement of PDO Highly Satisfactory 2025-01-14
Overall Implementation Progress (IP) Satisfactory 2025-01-14
Progress towards achievement of PDO Satisfactory 2025-01-14
Monitoring and Evaluation Satisfactory 2025-01-14
Monitoring and Evaluation Satisfactory 2025-01-14

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Beneficiaries of targeted safety nets and with access to basic social servicesValue950000.005962591.002909722.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers supported to increase food production (disaggregated by gender)Value566046.001797879.001173416.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Vulnerable and viable firms supported under the ProgramValue0.00148633.00100000.00
    DateAugust 20, 2020March 29, 2024June 30, 2024
    Comment
  • Female beneficiaries of targeted safety nets and with access to basic servicesValue380000.002870456.001200954.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female farmers supported to increase food productionValue113209.00640035.00404551.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female-owned vulnerable and viable firms supported by the ProgramValue0.0070071.0025000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • Firms receiving matching grants to support new loans originated after Covid-19 (disaggregated by gender)Value0.002602.0020868.00
    DateAugust 20, 2020March 29, 2024June 30, 2024
    Comment
  • States CARES coordination office established and functionalValue0.0036.0030.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Targeted beneficiaries receiving transfers and stipends disaggregated by gender and vulnerability profileValue450000.00909215.00705267.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers utilizing agricultural inputs and servicesValue440375.001310543.00729783.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Periodic verification of DLRs and DLIs and authorized disbursement conducted by Federal Support UnitValue0.00111.00144.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Female farmers utilizing agricultural inputs and servicesValue88075.00279570.00205221.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Targeted female beneficiaries receiving transfers and stipendsValue180000.00435772.00280000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Targeted female beneficiaries receiving transfers and stipendsValue180000.00435772.00280000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female-owned firms receiving matching grants to support post-COVID-19 loansValue0.001012.004269.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Firms receiving operational support grants (disaggregated by gender and firms directing grants to mini solar panels)Value0.00137997.00111000.00
    DateAugust 20, 2020March 29, 2024June 30, 2024
    Comment
  • Staff participate in peer learning, experience sharing sessions and capacity building training.Value150.00350.00600.00
    DateMarch 31, 2023March 29, 2024June 30, 2024
    Comment
  • Targeted beneficiaries with new income earning opportunities or household enterprisesValue2130.0096740.0064320.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers utilizing climate smart inputs and servicesValue44037.00914205.00200000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers utilizing climate smart inputs and servicesValue44037.00914205.00200000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female targeted beneficiaries with new income earning opportunities or household enterprisesValue852.0052980.0025000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female owned firms receiving operational support grant.Value0.0065583.0016000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers accessing improved agricultural infrastructureValue81968.00575852.00217359.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Firms working on mini solar panels receiving receiving grants for operational supportValue0.007971.002000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Poor communities that recived basic service grants and now with improved functional social services infrastructureValue8000.0010762.0010000.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Female Farmers accessing improved agricultural infrastructureValue16393.00221461.0087350.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers accessing climate-smart improved agricultural infrastructureValue8196.00457203.0090000.00
    DateSeptember 21, 2020March 29, 2024June 30, 2024
    Comment
  • Farmers utilizing agricultural assetsValue43703.00298089.00301804.00
    DateAugust 17, 2020March 29, 2024June 30, 2023
    Comment
  • Female farmers utilizing agricultural assetsValue8740.00139003.00111980.00
    DateSeptember 21, 2020March 29, 2024June 30, 2023
    Comment
  • Wet markets with upgraded water and sanitation servicesValue0.00743.001462.00
    DateAugust 17, 2020March 29, 2024June 30, 2024
    Comment
  • Sellers benefitting from upgraded wet marketsValue0.00251797.001400000.00
    DateOctober 21, 2020March 29, 2024June 30, 2024
    Comment
  • Female sellers benefitting from upgraded wet marketsValue0.00135157.00850000.00
    DateOctober 21, 2020March 29, 2024June 30, 2024
    Comment