• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Thursday, June 26, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

World Bank Raises Nigeria’s NIN Target To 180m

…Releases $228m ID4D funding

by Royal Ibeh
6 months ago
in Business
world bank
Share on WhatsAppShare on FacebookShare on XTelegram

The World Bank has raised Nigeria’s target for National Identification Numbers (NIN) issuance under the Digital Identity for Development (ID4D) project from 148 million to 180 million, reflecting confidence in the country’s progress despite earlier setbacks.

Advertisement

The ID4D project, launched in February 2020 with a $430 million budget, aims to establish an inclusive digital identity system to facilitate access to services, financial inclusion, and participation in the digital economy.

Nigeria has gotten $228.59 million from the $430 million earmarked for the Digital Identity for Development (ID4D) project, which was meant to facilitate the enrolment of 148 million National Identification Numbers by June 2024.

Nigeria failed to meet the enrollment target of 148 million by June 2024, and the World Bank agreed to extend the $430 million facility for the project until 2026.

In a new document detailing the terms of the restructuring, the World Bank noted that the project disbursement rate stood at 53.16 per cent as of November 2024.

RELATED

Local Energy Firms To Drive Nigeria’s Oil & Gas Dev’t

Local Energy Firms To Drive Nigeria’s Oil & Gas Dev’t

13 hours ago
Keystone Bank, Enterprise Dev’t Centre Sign MoU To Empower SMEs In Nigeria

Keystone Bank, Enterprise Dev’t Centre Sign MoU To Empower SMEs In Nigeria

15 hours ago

The project’s total financing amounts to $430 million equivalent, $115 million of which are from the World Bank’s IDA, $100 million equivalent from the French Development Agency (AFD), and $215 million equivalent from the European Investment Bank (EIB).

The bank disclosed that, so far, 53.16 per cent of the fund has been disbursed but added that Nigeria has made significant progress toward fulfilling the final disbursement condition, which is the amendment of the NIMC Act to promote an inclusive and non-discriminatory legal and regulatory framework.

According to the latest restructuring document, the new target is part of a two-phase extension plan to support Nigeria in completing critical project milestones and expanding its reach to underserved populations. The National Identity Management Commission (NIMC) has issued 115 million NINs as of October 2024, a significant achievement but still shy of the original June 2024 target.

The World Bank emphasised the importance of closing the existing gap, particularly for vulnerable groups such as women, persons with disabilities, and disadvantaged communities.
To accelerate progress, Nigeria secured a six-month extension earlier this year to design and launch a new

national identity management system built on open-source, scalable, and interoperable architecture. Having met this condition, a second-stage extension for an additional 24 months is now proposed, pushing the project’s closing date to December 2026.

The restructuring also prioritises legal reforms, including amendments to the NIMC Act and the introduction of critical bills to bolster Nigeria’s digital economy. The NIMC Act amendment, which has already passed two readings in the National Assembly, aims to create a non-discriminatory regulatory framework, with final approval expected by February 2025.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

BREAKING NEWS: Nigerians can now earn US Dollars from the comfort of their homes with Ultra-Premium domains, acquire them for as low as $1700 and profit as much as $25,000. Click here to learn how you can earn US Dollars consistently.


Tags: National Identification Number (NIN)National Identity Management Commission (NIMC)World Bank
SendShareTweetShare
Previous Post

Fayemi Urges Nigerians To Embrace Hope, Unity

Next Post

Nigeria Exports Goods Worth N1.5tn To ECOWAS In Q3

Royal Ibeh

Royal Ibeh

You May Like

Local Energy Firms To Drive Nigeria’s Oil & Gas Dev’t
Business

Local Energy Firms To Drive Nigeria’s Oil & Gas Dev’t

2025/06/25
Keystone Bank, Enterprise Dev’t Centre Sign MoU To Empower SMEs In Nigeria
Business

Keystone Bank, Enterprise Dev’t Centre Sign MoU To Empower SMEs In Nigeria

2025/06/25
world bank
Business

Dangote Cement Records N1.38trn Earnings, Up By 56%

2025/06/25
Neimeth Assures Shareholders Of Improved Performance
Business

Neimeth Assures Shareholders Of Improved Performance

2025/06/25
NAPTIN Earmarks 4,000 Youths For Meter Installation Training
Business

NAPTIN Earmarks 4,000 Youths For Meter Installation Training

2025/06/25
Nigeria, South Africa Forge Stronger Energy Ties To Boost Continental Grid Integration
Business

Nigeria, South Africa Forge Stronger Energy Ties To Boost Continental Grid Integration

2025/06/25
Leadership Conference advertisement

LATEST

JUST-IN: CDCFIB Postpones Opening Of Recruitment Portal To July 14

JUST-IN: FIRS Scrapped As Tinubu Signs 4 Tax Bills Into Law Thursday

11 PDP NWC Members Fault Damagum Over Anyanwu’s Return, NEC Meeting Cancellation

I’m Impressed With Ongoing Infrastructural Transformation In FCT — Tinubu

Governor Sanwo-Olu @ 60: Celebrating A Man Of Vision

Actress Angela Okorie’s Police Escorts Risk Sanctions Over Public Conduct In Viral Video

Makinde Earmarks N10m For Distribution Of New Book To Secondary Schools

Hijrah: Kano Declares Thursday Public Holiday To Mark Islamic New Year

Delta Police Arrest Native Doctor, Suspected Cultists For Illegal Possession Of Firearms

4 Killed, 10 Injured In Fresh IED Explosion In Borno

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.