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…
The World Bank has approved the extension of the Federal Government COVID-19 Action Recovery and Economic Stimulus tagged: “NG-CARES” Programme from June 2023 to June 2024. The Minister of State for Budget and National Planning, Clem Agba, made this known…
By Seun Ibiyemi Nigeria’s debt profile has increased $14.34billion as the Federal Government led by President Muhammadu Buhari borrowed $410million in first quarter of 2023 from the World Bank according to report obtained. The data obtained from the Washington-based bank…
The World Bank confirmed on Wednesday that Ajay Banga would be its next president, handing him the reins at a pivotal time as it looks to reshape its role to better address climate change. “The Board looks forward to working…
The World Bank says inflation in food prices remains high globally. It made the declaration in its latest Food Security Update report issued on Wednesday. “Information from the latest month between December 2022 and March 2023 for which food price…
