The Lagos Chamber of Commerce and Industry (LCCI) has outlined strategic approaches aimed at maximising the benefits of the $500 million loan by the World Bank to Nigeria while mitigating associated risks. The Director General, LCCI, Dr Chinyere Almona, made…
A new World Bank report reveals that targeted policy action could reduce exposure to dangerously high levels of air pollution by 2040. The report, obtained from the World Bank website by the News Agency of Nigeria (NAN) on Friday, stated…
Gov. Chukwuma Soludo of Anambra says his administration pulled out of an existing loan arrangement with the World Bank to save the state from “debt overhang”. Soludo said this while addressing members of the Late Sen. Ifeanyi Ubah Media team…
By Matthew Denis The World Bank has announced a $60 million allocation to train 75,000 Nigerian youths under the Nigerian Youth Employment Through Skills Acquisition Fund (NYESAF). The initiative is part of the Innovation, Development, and Effectiveness in the Acquisition…
The Federal Government says it is discussing with the International Finance Corporation (IFC) to explore capital market and funding options in Nigeria for infrastructure development through Public Private Partnerships (PPP). A statement issued by Ifeanyi Nwoko, the Acting Head, Media…
President and Chairman of the Board of Directors of the African Development Bank (AfDB), Dr Akinwumi Adesina says the bank and the World Bank Group are committing 40 billion dollars toward the Mission 300 innitiative. Adesina disclosed this while delivering…
The World Bank Group says the Central Bank of Nigeria (CBN) must sustain efforts to tackle inflation. Sameer Matta, senior economist for Nigeria at World Bank Group, spoke at the recent launch of the 2025 macroeconomic outlook of the Nigerian…
The bank added that oil production is expected to increase over the forecast period. The World Bank has predicted 3.6 per cent average economic growth for the Nigerian economy between 2025 and 2026 following ongoing reforms by the Federal Government.…
The World Bank has introduced measures aimed at easing the borrowing burden for very poor and vulnerable countries. These include removing the prepayment premium on the International Bank for Reconstruction and Development loans, providing a grace period for commitment fees…
The World Bank has updated Nigeria’s target for the Digital Identity for Development project, increasing the number of Nigerians to be issued the National Identification Number from 148 million to 180 million. Despite missing the original target by June 2024,…
