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 percent as of November 2024.
“The proposed restructuring would extend the closing date from December 31, 2024, to December 31, 2026,” the bank said.
According to the National Identity Management Commission (NIMC), Nigeria had issued 115 million NINs in November, leaving a shortfall of 33 million of the initial targets for 2024. Part of the terms of the new agreement sets a new target of 180 million NINs by 2026 (i.e., 65 million NINs in two years).
The Nigeria ID4D project was approved by the Board of Executive Directors of the International Development Association (IDA) and the associated Financing Agreement (FA). It was signed in February 2021 and became effective on December 14, 2021.