World Bank’s primary role is to provide loans to countries for capital project. In doing so, it considers a number of factors including the environmental and social impact of such projects.

As far as its investments in Nigeria goes, the bank wants to set a new framework for investing in the country.

On Tuesday, the global lender and senior officials of Nigerian government started a discussion aimed at explaining new environmental and social framework that would guide the bank’s investment in Nigeria beginning from October this year.

The Senior Communications Officer, Nigeria, World Bank, Olufunke Olufon, who disclosed this in a statement made available to newsmen, said the consultation with the Nigerian officials and other stakeholders opened in Abuja in a workshop format.

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“A workshop to support the implementation of the new World Bank Environmental and Social Framework has kicked off.

“The workshop aims to provide a comprehensive understanding of the new environmental and social requirements the World Bank will be applying to new investment projects it finances, starting October 2018.

“The workshop consists of a half-day presentation to senior government officials; a two-day technical training for project implementation staff; and half-day awareness session with other stakeholders, including the civil society and development partners,” the statement said.

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