Kano State Government has signed a Memorandum of Understanding with the World Bank to construct 500 kilometres of roads in rural areas of the state.
A statement by Abba Anwar, Chief Press Secretary to Governor Abdullahi Ganduje, made available to newsmen in Kano on …
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The three senators from Kaduna state were driven by their personal frustration in rejecting the $350m World Bank loan sought by Kaduna state government, rather than the people’s right to better quality of life and infrastructure, the state government has said.
The Senate had on Thursday turned...
The World Bank has approved $3 million to support the Nigerian government’s bid to diversify the country’s economy. This is coming after an earlier tranche of $3 million had been provided to support a batch of innovations. The news was disclosed by the Vice President Yemi Osinbajo at the opening...
The World Bank, on Thursday approved $486 Million international Development Association (IDA) Credit fund for the improvement of the Nigeria Electricity Transmission Network and infrastructure. According to World Bank, the investments under the Nigeria Electricity Transmission Project will...
The World Bank Group on Tuesday in Abuja has said there is a need for governments to strengthen laws that govern the agricultural sector in the country. HARVEST: Women with baskets of tomatoes harvested from farmlands Mr Farbod Youssefi, the Programme Manager at the World Bank made the
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A UNESCO report estimates that one in ten girls in Sub-Saharan Africa misses school during their menstrual cycle. By some estimates, this equals as much as twenty percent of a given school year. Girls often miss school during their menstrual periods Many girls drop out of school altogether once...
World Bank: Nigeria to grow by 2.5% in 2018 — 9th January 2018 (NAN) The World Bank forecasts that economic growth in Nigeria would edge up to at least 2.5 percent in 2018, as the country benefits from improved commodity …
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The Commissioner for Communications and Orientation of Edo State, Hon. Paul Ohonbamu informed the public of the State’s push to access the World Bank’s N2B grant to Edo State’s work on developing its infrastructural projects, N500 Million has been approved by the State as counterpart funding. He...
An FCT High Court sitting in Jabi on Monday sentenced two civil servants, Mohammed Audu and Yusuf Ayodeji, to 105 years imprisonment, for fraudulent activities while handling a World Bank project.
The convicts who were Procurement Officers in the Office of the Accountant-General of the...
Former vice president Atiku Abubakar has reacted to a disclosure by World Bank president, Jim Yong Kim, that President Muhammadu Buhari sought the institution’s support for Northern states.
In a Facebook post on Saturday, Atiku stated that news of assistance to Nigerians by international...
The International Monetary Fund, IMF, has projected that Nigeria's economy will recover from recession in 2017.
IMF's latest World Economic Outlook (WEO) says Nigeria Gross Domestic Product (GDP) will grow by 0.8 percent in 2017 and 2.3 percent in 2018, buoyed by increased crude oil production...
Nigeria’s headline inflation has risen to 18.55 per cent its highest in more than 11 years, as World Bank predicted the country will get out of recession and grow its Gross Domestic Product by one per cent in 2017.
In its January 2017 Global Economic Prospects report released on January 11, the...
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Nigeria will get out of recession and grow its Gross Domestic Product by one per cent in 2017, World Bank has predicted.
In its January 2017 Global Economic Prospects report released on Wednesday, the global lender said that sub-saharan African growth is expected to pick up modestly to 2.9 per...
The World bank has donated the sum of 50 million dollars to assist the six insurgent affected North-Eastern states of Borno, Yobe, Adamawa, Bauchi, Taraba and Gombe under the FADAMA programme.
The Team Leader, Dr. Adetunji Oredipe who stated this while speaking to newsmen, said the reason...
The Minister of Finance, Mrs Kemi Adeosun has said that President Muhammadu Buhari-led federal government plans to borrow a total of 1.8 trillion Naira at home and abroad to fund an expected budget deficit of 2.2 trillion Naira.
Mrs. Adeosun said in Abuja on Friday that the government is set to...
The Ekiti State Government has said that the four persons who died during the week at Egbe Dam in Gbonyin Local Government Area of the state, were not World Bank officials.
Initial report by the News Agency of Nigeria had quoted the head of the local area council as saying the victims were...
Four World Bank consultants have drowned in Egbe River in Egbe community, Gbonyin Local Government Area of Ekiti State.
The four were said to be working on a World Bank assessment mission to the river and had commenced work on Tuesday night.
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The World Bank has asked for time to provide a detailed response to a request by the Socio-Economic Rights and Accountability Project, (SERAP) for information on the spending of recovered assets from Late General Sani Abacha.
The World Bank Access to Information Committee made this plea in a...
The World Bank has praised the Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, for bringing transparency and accountability to bear on the operations of the Oil and Gas Industry in Nigeria.
The Managing...
The Central Bank of Nigeria governor, Godwin Emefiele, on Saturday, hinted at a probable increase in lending rates sequel to the unrelenting headwinds that keep pushing up the nation’s inflation rate.
Emefiele, who spoke with journalists on the sidelines of the ongoing World Bank/IMF Spring...
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