World Bank Extends ID4D Project, Raises NIN Target to 180 Million
This is an increase from the previous target of 148 million, which was not achieved by the initial deadline of ...
Tag: World Bank
Nigeria Spent N13trn on Forex Subsidy in 3 Years – W’Bank
The federal government of Nigeria incurred a significant loss of N13.2trn in foregone revenue as a direct consequence of the ...
GEAPP, Rockefeller Foundation, SEforALL Advance W’Bank and AfDB Mission to Electrify 300 Million in Africa
Ahead of Climate Week NYC, the Global Energy Alliance for People and Planet (GEAPP), Sustainable Energy for All (SEforALL), and The Rockefeller Foundation announced ...
World Bank to Supervise Nigeria’s underperforming $500 Million Electricity Loan
The World Bank plans to supervise Nigeria's $500 million electricity loan from July 8 to 12, 2024, aimed at enhancing ...
World Bank Approves $2.25 Billion Loan For Nigeria’s Economic Reform
The World Bank has approved two financing facilities of $2.25 billion to support the Federal Government of Nigeria’s efforts in ...
Government Borrowing: Investing in the Future or Burdening Future Generations?
The International Monetary Fund (IMF) projects that by 2026, Nigeria may spend nearly 100% of its revenue on debt servicing
Five Strategies to Prevent Payment Delays from Hurting Your Business
Payment delays pose significant challenges for businesses across Africa. Maintaining a steady cash flow is essential for business growth and ...
Nigeria, World Bank Partner to Boost Broadband Infrastructure with $3 Billion Initiative
…This joint effort is a way forward in achieving the Nigerian National Broadband Plan 2020-2025, which aims for 70% broadband ...
Transforming W/Africa’s Education System is Key to Region’s Success – Titilayo Adewumi
West Africa is staring at an incredible opportunity to provide the skilled workers needed to power the global economy over ...
World Bank projects Nigeria’s Economy to Grow at 3.3% in 2024
The World Bank has estimated Nigeria’s economy to grow at 3.3 per cent this year. Going by the World Bank’s ...
50% of Pupils in Enugu State Cannot Read, SSG Hints
Professor Chidiebere Onyia, the Secretary to the Enugu State Government (SSG), has revealed that 50 per cent of pupils in ...
Finance Ministry to Buy Stationery, Solar Inverter, others with $5.6m World Bank Loan
The World Bank has approved the sum of $5.6m for the Home Finance Department of the Ministry of Finance, Budget ...
Former Nigerian Finance Minister Lands World Bank Job Amid Controversy
According to reports, Zainab Ahmed, the former Minister of Finance, has secured a job as an Alternate Executive Director at ...
World Bank Warns of Potential Increase in Poverty amid Removal of Fuel Subsidy
According to the World Bank, if the Nigerian government doesn't compensate or provide support, approximately 7.1 million impoverished Nigerians could ...
Subsidy Removal: $800m Loan was Granted in 2021, says World Bank
In a recent event assessing Nigeria's economy over the past six months, the World Bank clarified that the approved $800 ...
