By Sodiq Adelakun The World Bank Group has announced an additional $1.5 billion by 2024 to support reforms needed to improve soil health and strengthening the fertilizer sector in terms of subsidy management, quality control and traceability through policy development…
By Sodiq Adelakun The World Bank said Nigeria’s growth has been affected by macro-economic issues such as problems caused by the naira redesign, issues around foreign exchange shortages and the persistently high inflation rate. This was revealed in its global…
The President of the World Bank Group, David Malpass, has warned that Nigeria’s parallel exchange rate is harmful as it worsens future debt service payments and increases the risk of debt distress. Malpass said this in a blog post titled…
The Central Bank of Nigeria (CBN) has commended the West African Institute for Financial and Economic Management (WAIFEM) for its debt management support to Nigerian states. Emefiele gave the commendation on Tuesday in Abuja, at a Sub-national Debt Management Performance…
Senator representing Borno South senatorial district, Ali Ndume has vowed to sue the Federal Government over move to collect $800million loan from the World Bank despite opposition from Nigerians. Last week, Zainab Ahmed, Minister of Finance, Budget and National Planning, revealed…
The Federal Government is on the brink of getting a one-year extension to access the World Bank’s $750m concessional loan for Nigeria’s COVID-19 Action Recovery and Economic Stimulus on behalf of the 36 state governments and the Federal Capital Territory.…
…Raise red flag on our debt profile – Bauchi Gov. tells W’Bank …Calls for strong IGR campaign …Approaches to management of economy must change, he says As apprehension lies before incoming governors over challenges of the economy, particularly revenue shortfalls,…
The World Bank has advised oil and gas-rich countries in Africa to adopt asset diversification in oil and gas operations. This was stated in the May 2023 report titled: ‘Harnessing Natural Resources for Economic Transformation during the Low-Carbon Transition.’ According…
Socio-Economic Rights and Accountability Project (SERAP) has asked the World Bank to suspend the disbursement of the $800 million loan to the Federal Government of Nigeria. The organisation also urged the institution to request the incoming administration to provide satisfactory…
By Sodiq Adelakun The Minister of State for Budget and National Planning, Prince Clem Agba yesterday, announced that the World Bank has granted a one-year extension of the Nigeria Cares (NG-CARE) programme. The NG-CARES is an economic palliative programme set…
