COVID-19: Nigeria may go into severe recession — World Bank
The World Bank says collapse in oil prices coupled with the COVID-19 pandemic is expected to plunge the Nigerian economy into a severe economic recession, […]
World Bank
World Bank approves $750m power sector recovery operation for Nigeria
The World Bank has approved a 750 million dollars International Development Association (IDA) credit for Nigeria’s Power Sector Recovery Operation (PSRO) to improve electricity supply. […]
Borno to access $22m World Bank grant – Commissioner
Borno Commissioner for Finance, Alhaji Adamu Lawan, said the administration of Gov. Babagana Zulum has fulfilled the criteria for the grant of 22 million dollars […]
World Bank provides $346m to strengthen resilience, livelihoods in Lake Chad region
The World Bank has approved two operations totaling 346 million dollars in International Development Association (IDA) financing to help strengthen resilience and livelihoods in the […]
COVID-19 economic stimulus: States to get $1.5bn from World Bank — NEC
The World Bank has got a proposal of 1.5 billion dollars to states as part economic stimulus to cushion the impact of the COVID-19 pandemic, […]
World Bank approves $1bn funding for Kenya budget support
The World Bank has approved a 1 billion dollars loan for Kenya to help it close a gaping budget deficit and tackle the economic shocks […]
Afghan police open fire on protesters demanding coronavirus aid packages
At least three people were killed and several others wounded in Afghanistan’s Ghor province on Saturday during a protest against mismanagement of aid to alleviate […]
Poverty alleviation: Lawan urges World Bank to come to aid of Nigeria
President of the Senate Ahmad Lawan has urged the World Bank to come to the aid of Nigeria in her effort toward poverty alleviation in […]
World Bank approves 6 projects for Nigeria
The World Bank has approved six projects to support Nigeria’s development priorities. In a statement by the bank on Wednesday said the projects would be […]
12 states miss $4.5m World Bank fiscal transparency grant
The World Bank on Tuesday said 12 states missed out of its $4.5 million (N1.37 billion) State Fiscal Transparency, Accountability and Sustainability (SFTAS) Programme for Results 2018 […]
AfDB chides World Bank President’s comments on Africa’s debt profile
By Abdallah el-Kurebe The African Development Bank, AfDB, has chided several recent media reports, attributed to the World Bank President, David Malpass, that some multilateral […]
Disability: Humanitarian Affairs Ministry to collaborate with USAID, World Bank
By Chimezie Godfrey The Ministry of Humanitarian Affairs, Disaster Management and Social Development is set to collaborate with USAID and the World Bank to finance […]
Kogi to secure $100m loan, creates Dept to coordinate funds from World Bank
Kogi State Government on Wednesday announced its intention to borrow $100 million to finance some projects that would quicken the socio-economic development of the state. […]
Insecurity: AfDB wants World Bank, IMF to provide financial support for Nigeria, others
The African Development Bank (AfDB) has appealed to International Monetary Fund (IMF) and World Bank to work out a financial support system for Nigeria and […]
World Bank urges Africa to embrace global value chains
The World Bank, on Wednesday urged African countries to embrace global value chains to boost their national incomes. The Vice President of development economics and […]
Why Nigeria is not adequately funding education sector – Bagudu
By Abdallah el-Kurebe, Editor Kebbi State Governor, Sen. Atiku Bagudu, has disclosed why Nigeria was not adequately funding education. According to him, it was not […]
Regulatory environment for women’s economic participation improves — World Bank
The World Bank Group says the regulatory environment for women’s economic participation has improved in the last two years. The bank made this known in […]
Developing economies expected to rise by 4.1% in 2020 –World Bank
The World Bank says due to growth in emerging market, developing economies are expected to accelerate to 4.1 per cent in 2020. The bank made […]
Debt in Emerging Developing Economies rises to $55trn in 2018–World Bank
The World Bank Group says debt in Emerging and Developing Economies (EMDEs) rose to a record high of 55 trillion dollars in 2018. The bank […]
FG begins implementation of World Bank-assisted finance accountability programme in states
The Federal Government has commenced implementation of the 750 million dollars World Bank-funded State Fiscal Transparency, Accountability and Sustainability (SFTAS) programme in 33 states. The […]
Prepayment system key to achieving Universal Health Coverage in Nigeria -World Bank
The World Bank Group, says prepayment system is key to achieving Universal Health Coverage (UHC) in Nigeria. Dr Christoph Kurowski, Global Lead for Health Financing, […]
Ramaphosa says African countries not being led into debt trap
President Cyril Ramaphosa on Monday refuted allegations that a number of countries in Africa are being led into a debt trap as they take up […]
World Bank, FG boost education in Katsina state
The World Bank and the Federal government have donated 6,300 books for pupils in Daura Local Education Authority (LEA) in Katsina state to promote education […]
Nigeria nears getting World Bank’s $3bn power sector loan — Minister
The Minister of Finance, Mrs Zainab Ahmed, on Sunday said the Federal Government’s request for a World Bank loan to finance the power sector was […]
Borno: World Bank earmarks N500m for 50 communities affected by Boko Haram
The World Bank-assisted Community and Social Development Programme (CSDP) has earmarked N500 million for provision of support to 50 communities affected by Boko Haram insurgents […]