Low Mobile Internet Access Hampering Inclusive Growth in Africa, says World Bank
The World Bank Chief Economist for Africa, Andrew Dabalen, said low mobile Internet access in Africa remains a gap that needs to be closed to take up the opportunities for…
World Bank’s President Announces his Intention to Step Down
David Malpass, President of the World Bank Group, has announced his intention to resign by the end of the Bank Group’s fiscal year on June 30. This is according to…
Nigeria Needs at least N3.7tn to Tackle Poverty
Nigeria’s poverty rate has been rising on an annual basis. 63 percent of people—133 million Nigerians out of an estimated population of 211 million—are multi-dimensionally poor. By implication, two out…
Naira Redesign will Affect the Poor, SMEs — World Bank
The World Bank has issued a warning regarding the detrimental impact the redesign of the Naira will have on Nigeria’s economic activity. The international financial organization warned that the timing…
FG says States will be able to Access $20m Stimulus Grant Based on Performance
If state governments reach the performance goals established by World Bank independent accessors, they should be able to access a $20 million COVID-19 support fund from the Federal Government. The…
World Bank says Food, Energy crises will Intensify amid Naira Crash
The price of Brent crude oil in US dollars declined by almost 6% between the Russian invasion of Ukraine in February 2022 and the end of last month, it was…
Nigeria to Receive $70bn of Climate Change Investment Opportunity in Africa
....the opportunity in terms of climate change is over $24.7 trillion.
World Bank to Cease Operations in Ebonyi State Due to Fund Misappropriation
Due to a number of alleged violations and poor program management by the Ebonyi State Government, the World Bank has threatened to cease operations in the state. It alleged that…
World Bank Team Visit Minister Pantami
Minister of Communications and Digital Economy, Professor Isa Ali Ibrahim Pantami received in audience, a team from the World Bank on a working visit at the Communications and Digital Economy…
World Bank Tasks Nigerian Government to Synchronize Exchange Rates
President Malpass encouraged a decisive move toward exchange rate unification and stabilization by Nigeria, highlighting the economic benefits for the Nigerian people.
Data for Development: FG Launches World Bank Development Report 2021
"We want every Nigerian to be able to use his/her mobile phone, computers, and other digital devices to access digital services as well as to use it for economic activities".
TCN Takes Delivery of 15 New Power Transformers Under World Bank Funding
The Transmission Company of Nigeria, TCN, has taken delivery of fifteen (15) number brand new power transformers from the Apapa port, Lagos, recently. The transformers comprise ten (10) number 60MVA…
Husk Power signs UN compact to build 5,000 minigrids in Africa and Asia by 2030
Husk Power Systems Signs U.N. Energy Compact, Pledges to Build 5,000 Minigrids, Connect 1 Million Customers in Africa and Asia by 2030
We are championing a paradigm shift that emphasizes skills – Pantami
Professor Isa Ali Ibrahim (Pantami), the minister of Communications and Digital Economy, today Thursday, 20th January 2022, reiterated government’s commitment to support and promote the development of digital skills among its…