The Federal Government and the World Bank have restructured the $500m HOPE for Quality Basic Education for All programme, cutting funding allocations tied to the construction of new classrooms while expanding the number of states eligible for targeted interventions under the project.
Details of the restructuring were contained in a World Bank restructuring paper dated May 20, 2026, and obtained from the bank’s website on Thursday.
The document showed that the allocation for the creation of 13,000 new classrooms under the programme was significantly reduced following changes in grant financing from the Global Partnership for Education.
The World Bank said the restructuring was necessitated by a sharp reduction in Nigeria’s GPE System Transformation Grant allocation. According to the report, “These changes stem from a reduction in the total allocation for Nigeria’s GPE STG funding from $107.59m to $53.975m.”
The bank explained that the original arrangement had split the GPE funding between the World Bank and the United Nations Children’s Fund, but the revised financing structure transferred the entire reduced grant allocation to the World Bank-managed HOPE-Education programme.
